Notice of Fourth Modifications to Proposed Rulemaking: Requirements for California Financing Law NMLS Transition and Requirements for PACE Program Administrators (PRO 02/17)

On October 25, 2019, the Department of Business Oversight, predecessor to the Department of Financial Protection and Innovation, issued a notice of rulemaking to amend the regulations under the California Financing Law. The proposed changes require applicants and licensees to transition onto NMLS and set forth licensure requirements for PACE program administrators.

Notices of modifications to the text were issued for 15-day comment periods on May 27, 2020, September 2, 2020, and November 18, 2020.

On December 29, 2020, the Department of Financial Protection and Innovation is issuing the following notice of fourth modifications to this rulemaking action for a 15-day comment period.

Deadline to submit comments: Wednesday, January 13, 2021.

Submit comments to
PRO 02/17 Notice of Fourth Modifications
PRO 02/17 Proposed Fourth Modified Text