California Residential Mortgage Lending Act
What's New
- 10/23/14 –The Commissioner of Business Oversight Commissioner proposes to adopt regulations under the California Finance Lenders Law and the California Residential Mortgage Lending Act. The proposed regulations would clarify that nondepository operating subsidiaries, affiliates, and agents of federal banks and other financial institutions are required to be licensed and regulated by the Department of Business Oversight. The period within which to comment on this proposed regulatory action ends on December 8, 2014. (Notice of Proposed Rulemaking PRO 03/13)
- 03/06/2014 - Licensees are reminded that in accordance with section 7119 of title 21 of the California Code of Regulations, the Residential Mortgage Loan Report is due by March 31, 2014, for all residential mortgage lenders that are not reporting to a federal or state regulatory agency as provided by the Home Mortgage Disclosure Act of 1975, as amended. Licensees making residential mortgages should consult with their internal compliance officers regarding whether they are required to file the state report.
- 02/24/2014 - The CRMLA reports (CRMLA 13 Report Letter.pdf, CRMLA 13 Annual Report.pdf, CRMLA_13_FSD_Survey.pdf) must be completed and returned to the Department of Business Oversight. These reports must be filed by every licensee, even if no business was conducted under the authority of the license in 2013. Due to the delayed of this notice, the Commissioner hereby grants an extension until April 4, 2014.
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Licensee Information
- About the Law
- Who is Required to Obtain a License or Branch License under the CRMLA?
- How do I Apply for a CRMLA License or Authorize a Branch Office under the CRMLA
- Requirements After a CRMLA License has been issued
- How do I Amend CRMLA License or authorize a Branch Office under the CRMLA
- How Do I Surrender a CRMLA License or Branch Office Authorization under the CRMLA
- Forms
- Frequently Asked Questions
- Publications
- Regulations, Legislation, Opinions, Releases
- 2014 Residential Mortgage Loan Report Notice/Form (PDF)
- Search the Licensee Listing
Information on CRMLA licensing requirements is also available in NMLS.
NMLS, developed through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), allows companies to conveniently manage their mortgage license(s) in an electronic format through a secure website.
Please visit NMLS for additional information. View state licensing requirements specific to the California Department of Corporations.
Consumer Information
- Bona Fide Nonprofit Affordable Housing Organizations
- How to file a complaint
- Search the Licensee Listing
Information on companies and branches licensed under CRMLA is also available in NMLS Consumer Access.
NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branches and individuals currently licensed through NMLS.