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NOTE: Questions concerning the organization of corporations, limited liability companies, limited partnerships, foreign (other state) corporations, qualifying or registering to do business in California, dissolutions, articles of incorporation, certificates of good standing, current officers and directors, agents for service of process, and name availability should be addressed to the Business Programs Division of the California Secretary of State.

DEPARTMENT CLOSURE INFORMATION: All Department of Corporation Offices will be closed on the second, third and fourth Fridays of the month beginning August 1, 2010. The closure is in connection with the Governor's Executive Order (S-12-10) that implements the furlough program and addresses the State's deficit and ongoing fiscal crisis. The Department will be closed August 20th and 27th due to furloughs.

• 09/01/10 - The Department issued a notice to all Investment Advisors that the Department is adopting the new Part 2, effective October 12, 2010 and it will be mandatory as of January 1, 2011. [See full text of letter]
• 08/29/2010 - The next Escrow Law Advisory Committee meeting will be on Wednesday September 8, 2010 at 10:00 a.m. The meeting will be held at the Department of Corporations' Los Angeles office located at 320 West Fourth Street, 7th floor conference room. Agenda
• 08/25/10 - **INTERNET ALERT – enationinc.com** - The Department of Corporations has been notified that enationinc.com is offering escrow services over the internet and is advertising that it is Escrow Nation, Inc., an escrow company whose license was revoked in August 2009. Further, enationinc.com is using photographs and names of employees it garnered from licensed escrow company Elite Escrow Services of San Diego’s website. These individuals are not associated with enationinc.com or Escrow Nation, Inc. Enationinc.com also claims that it is licensed by the Department of Corporations. Enationinc.com is not a website of Elite Escrow Services of San Diego. Enationinc.com and Escrow Nation Inc. are not licensed to conduct escrows by the California Department of Corporations. (Consumer Alerts)
• 08/06/10 - ** INTERNET ALERT – www.statefincorp.com** - The California Department of Corporations has been notified that unknown individuals and entities operating at www.statefincorp.com are misappropriating the name of State Financial Corporation, a licensed California Finance Lender. The fraudulent web site at www.statefincorp.com contains a link to the actual Department of Corporations web site that lists State Financial Corporation as a licensee intending to defraud consumers into thinking that the www.statefincorp.com site is legitimate. The legitimate web site for State Financial Corporation is www.statefinancial.com. (Consumer Alerts)
• 07/26/10 - The Department issued a notice to all pending mortgage loan originator (MLO) applicants informing them they have 4 business days left to submit all requirements for licensing in order to receive an MLO license.  If the MLO license application has not been approved by the Department of Corporations by close of business on July 31, 2010, they must cease operating as an MLO until the Department has approved the application. 
• 07/26/10 - The Department issued a notice to all California Residential Mortgage Lender and California Finance Lenders licensees informing them that all mortgage loan originators (MLO) have 4 business days remaining to complete the MLO application process.  All MLOs employed by a licensee must be licensed as Mortgage Loan Originators by July 31, 2010.
• 07/15/10 - The Department issued a notice to all pending mortgage loan originator (MLO) applicants informing them they have 11 business days left to submit all requirements for licensing in order to receive an MLO license.  If the MLO license application has not been approved by the Department of Corporations by close of business on July 31, 2010, they must cease operating as an MLO until the Department has approved the application.  [See Full Text of Letter]
• The Department issued a notice to all California Residential Mortgage Lender and California Finance Lenders licensees informing them that all mortgage loan originators (MLO) have 11 business days remaining to complete the MLO application process.  All MLOs employed by a licensee must be licensed as Mortgage Loan Originators by July 31, 2010. [See Full Text of Letter]
• 07/12/10 - The California Corporations Commissioner is extending the public comment period for the proposed adoption of a rule under the Corporate Securities Law of 1968 relating to the licensure requirement for associated persons of broker-dealers until July 20, 2010.   (PRO 09/09)
• 070/7/10 - The Department issued a notice to all pending mortgage loan originator (MLO) applicants informing them all requirements for licensing must be met in order to receive an MLO license.  If the MLO license application has not been approved by the Department of Corporations by close of business on July 31, 2010, they must cease operating as an MLO until the Department has approved the application. 
• 07/07/10 - The Department issued a notice to all California Residential Mortgage Lender and California Finance Lenders licensees informing them that all mortgage loan originators (MLO) they employ must be licensed as Mortgage Loan Originators by July 31, 2010.  All mortgage loan originators that have not had their applications approved by the Department of Corporations (DOC) by close of business July 31, 2010, must cease operating as an MLO until the Department has approved their licenses.
• 06/28/10 - The California Corporations Commissioner has posted the translated forms required by AB 1160 (Fong 2009) that finance lenders and residential mortgage lenders who negotiate primarily in Spanish, Chinese, Tagalog, Vietnamese, and Korean must provide to consumers for loans secured by residential real property, beginning July 1, 2010.  The forms contain a summary of key terms in each of these five languages and are based on the federal Housing and Urban Development (HUD) Good Faith Estimate (GFE) form.  Additional information regarding the forms can be found at Civil Code Section 1632.5.
• 06/24/10 - ** ALERT - Kevin Buckman/Parson Bedford ** - The Department of Corporations has been notified that a person identifying himself as Kevin Buckman falsely claiming to be an employee of the Department of Corporations from the San Diego office contacted at least one California Deferred Deposit Transaction Law licensee requesting confidential customer information.  Kevin Buckman requested that the licensee fax ten (10) randomly selected deferred deposit transaction applications and ten (10) randomly selected check cashing applications each month. [Continued]
  
  Any licensee contacted by a person identifying himself as Kevin Buckman or Parson Bedford or any licensee that receives a request for documents or information that appears suspicious from any person claiming to be an employee of the Department of Corporations is asked to notify the Department of Corporations at (866) ASK–CORP (866-275-2677).   
• 06/22/10 - The California Corporations Commissioner issued Release 63-FS to address the Department of Corporations’ position on two separate inquiries concerning whether the Department requires mortgage loan originator licenses for: (1) individuals who work for housing counseling agencies certified by the U.S. Department of Housing and Urban Development; and (2) volunteers and employees of the forty-nine (49) Habitat for Humanity affiliates in California. Release 63-FS
• 06/09/10 - California Finance Lenders Law (CFLL) Assessment Date HAS Changed.  As a result of SB 36 (The SAFE Act), the assessment date for all licensees under the CFLL has changed from May 30, 2010 to November 30, 2010.  The assessments will be mailed by November 30th and will be due no later than December 31, 2010.
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