California Residential Mortgage Lending Act
- 02/06/13 - The Residential Mortgage Loan Report and the Mortgage Banker Annual Report are now available.
- 12/07/12 - The California Corporations Commissioner proposes to adopt and amend various sections of Title 10 of the California Code of Regulations. This regulatory action proposes to, among other things, amends license and renewal license application forms under the California Residential Mortgage Lending Act. The period within which to comment on this proposed regulatory action ends on January 28, 2013.
- 12/04/12 - The Commissioner of Corporations has issued Release 65-FS to advise mortgage servicers of the new foreclosure laws effective January 1, 2013, including the landmark California Foreclosure Reduction Act (AB 268 (Ch. 86, Stats. 2012) and SB 900 (Ch. 87, Stats. 2012)), which reforms the foreclosure process.
- 11/30/12 - The California Corporations Commissioner has issued Release 64-FS to provide information to mortgage loan originators (MLOs) who are employed by bona fide nonprofit organizations, and who may be exempt from licensure requirements under Financial Code Section 22013(b) of the California Finance Lenders Law and Financial Code Section 50003.5(b) of the California Residential Mortgage Lending Act, as amended by AB 2666 (Chap. 264, Stats. 2012), effective January 1, 2013. For an MLO to qualify for the exemption, the bona fide nonprofit organization employer must register with the Department. The California Corporations Commissioner has posted the form and instructions for filing.
- 02/07/12 - The updated Mortgage Banker Annual Report and the Non-traditional Adjustable Rate and Mortgage Loan Survey are now available
- 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
- Frequently Asked Questions
- Regulations, Legislation, Opinions, Releases
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.
Information on companies and branches licensed under CRMLA is also available in NMLS Consumer Access.