May 21, 2022

Volume XII, Number 141

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A New Year Has Begun, Time To Get Started On Last Year's Annual Report

Ladies and Gentlemen, Start Gathering Your Data!

If you are a licensee under the California Financing Law, you are required to submit an annual report to the Department of Financial Protection & Innovation no later than March 15, 2022.  Cal. Fin. Code § 22159(a).  A report is required even if you engaged in no lending activity last year.  If you fail to file the report, your license may be revoked.  Cal. Fin. Code § 22715(a).  The DFPI may assess a penalty of up to $25,000 on dilatory filers.  The amount of the penalty depends upon the lateness of the submission according to this schedule.   

The CFL annual report must be submitted electronically.  The form and instructions are available here.  Those with questions about the annual report instructions or content, mail email CFL.Inquiries@dfpi.ca.gov or call (866) 275-2677. 

© 2010-2022 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XII, Number 6
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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...

949-851-5428
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