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Financial Services Division
The Financial Services Division (FSD) is one of three operational divisions under the California Corporations Commissioner. FSD is headed by an Assistant Commissioner and is responsible for the regulation of five separate laws.
The laws under FSD's responsibility are:
- California Deferred Deposit Transaction Law (Operative date December 31, 2004.)
- California Finance Lenders Law
- California Residential Mortgage Lending Act
- Check Sellers, Bill Payers and Proraters Law
- Escrow Law
Table of Contents
- About the Division — Details on the Financial Services Division.
- Complaints — Follow this link to file a complaint.
- Credit Counseling Agency — Follow this link to check out your credit counselor agency.
- Escrow Agents: Employee Disciplinary Actions — Follow this link for a database containing a listing of individuals that have been censured, suspended, or barred by the California Department of Corporations pursuant to Financial Code section 17423 of the Escrow Law
- FAQ's — Get answers to the most frequently asked questions.
- Finance and Lending Education — Follow this link for helpful information to assist the borrower.
- Applications & Forms — Follow this link for a list of applications & forms.
- Licensee Listing — Address listing for California Finance Lenders, Mortgage Bankers, Deferred Deposit Transaction Law and Independent Escrow Companies.
- California Real Estate and Financial Services License Information — The Department of Corporations, the Department of Real Estate, the Office of Real Estate Appraisers, and the Department of Financial Institutions regulate most of the real estate financial services in California. To check the license records of all four departments at once, click here. New
- Notice to Potential Claimants of Asset Escrow Services
- Notice to Potential Claimants of The Escrow Source — Follow this link for information regarding The Escrow Source.
- Notice of Recent California Law Changes Designed to Protect Military Members and their Families - These new laws affect those licensed under the California Finance Lenders Law, California Residential Mortgage Lending Act, California Deferred Deposit Transaction Law, Escrow Law and the Check Sellers Law.
- Other Useful Links — Links to other sites.
- Publications — Follow this link for a list of publications.
- Guidance on Nontraditional Mortgage Products Risks ("the Guidance). Published on November 14, 2006 by the Conference of State Bank Supervisors (CSBS) and the American Associaiton of Residential Mortgage Regulators (AARMA).
- Statement on Subprime Mortgage Lending. Published on July 17, 2007 by CSBS and AARMR and the National Association of Consumer Credit Administrators.
How to Contact Us!
For information regarding the laws regulated by the Financial Services Division call the Consumer Services Office at: 1-866-ASK-CORP (1-866-275-2677).
A consumer may contact the department to obtain a complaint form regarding a licensee regulated by the Financial Services Division by calling the Consumer Services Office at: 1-866-ASK-CORP (1-866-275-2677).