December 9, 2021

Volume XI, Number 343

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December 08, 2021

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DFPI Issues Report On California Finance Lenders

As 2021 begins drawing to close, the Department of Financial Protection & Innovation has released its 2020 Annual Report of Finance Lenders, Brokers, and PACE Administrators Licensed Under the California Financing Law.   According to the report, the number of licensees increased from 2019 to 2020, but the number of commercial loans originated in 2020 decreased by 21.99% to 706,228 from 905,341 in 2019.  The total principal amount of commercial loans decreased by 13.9% over the same period, to $160.4 billion from $186.4 billion.   Nearly one-half (46.14%) of commercial loans by dollar amount were secured by real property.  

The table below was derived from data included in the DFPI's report.   

In 2020, the DFPI received nearly 1,500 applications for licenses under the CFL.   

© 2010-2021 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XI, Number 281
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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

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