December 7, 2022

Volume XII, Number 341

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December 06, 2022

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December 05, 2022

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DFPI Reports $214.2 Billion In Commercial Loan Originations In 2021

The California Department of Financial Protection & Innovation recently issued is 2021 Annual Report of Operation of Finance Lenders, Brokers, and PACE Administrators Licensed Under the California Financing Law.  The DFPI reports a nearly 12% increase in the number of licensees from 3,886 to 4,340.  Interestingly, about 6% of the licensees, or 454, failed to file the required annual report. 

With respect to commercial lending, the DFPI noted the following highlights:

  • The number of commercial loans originated in 2021 increased by 8 percent to 762,253 from706,228 in 2020. The total principal amount of commercial loans increased by 33.5 percent over the same period, to $214.2 billion from $160.4 billion.

  • The number of online commercial loans originated in 2021 increased by 3 percent to 37,110from 36,016 in 2020. The total principal amount of online loans increased by 39.1 percent over the same period, to $3.4 billion from $2.4 billion.

The following chart summarizes some of the data included in the report regarding the number of licensees, licensed locations and new applications:

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© 2010-2022 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XII, Number 257
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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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