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California Revives De Minimis Lender License Exemption | Holland & Knight LLP

In California, any person engaging in the business of a finance lender or broker must obtain a license from the commissioner of the Department of Financial Protection & Innovation. The. ....

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California Revives De Minimis Lender License Exemption | Insights

California passed legislation revising the de minimis exemption to the licensing requirement for finance lenders and brokers. ....

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Attention Debt Collectors In California: New Law Requires Action By December 31, 2021 - Finance and Banking

Beginning January 1, 2022, pursuant to California's new Debt Collection Licensing Act (DCLA), all consumer debt collectors who are collecting on their own account or the account of others. ....

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Prepare to Be Licensed. California Enacts a Law to License Debt Collectors, But Much Needs to Be Done to Clarify the Licensing Obligations | Miles & Stockbridge P.C.

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Every so often, the extent of state laws providing for the licensing of collection agencies needs to be re-examined. As every state, including two of the most prominent states, California and New York, historically had not licensed collection agencies,
1 the state licensing of collection agencies has not been given as much attention as has been given to the state licensing of other consumer finance activities. This changed in September 2020, when the California legislature, shortly before adjournment, enacted Senate Bill 908 to license debt collectors under a new law called the Debt Collection Licensing Act (the “DCLA”). ....

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