Doss Alert: CFL Annual Report Deadline Approaching – March 15
The clock is ticking for California Financing Law (CFL) licensees! The deadline to file the CFL Annual Report is March 15 with the Department of Financial Protection and Innovation (DFPI). Failure to submit this mandatory report may result in fines, license suspension, or revocation.
Who Must File?
Every CFL licensee operating as of December 31, 2025, is required to file an annual report with the DFPI, regardless of whether they conducted lending or brokering activities during the reporting period.
For clients holding multiple CFL licenses, each licensed entity must submit a separate report to maintain compliance. Failure to file can have serious regulatory consequences, including the loss of the ability to conduct lending activities in California.
What Must Be Filed?
The report generally includes information regarding the licensee’s lending activity during the prior calendar year as well as year-end financial statements. While audited financial statements are not required, licensees should ensure the information submitted is accurate and complete.
Why Compliance Matters
The DFPI utilizes these reports to:
✔️Assess compliance with California lending regulations.
✔️ Monitor industry trends and lending practices.
✔️ Track the types and volume of loans issued under the CFL.
To avoid delays, licensees should begin gathering their reporting information now, including year-end financial statements and lending activity for the reporting period.
Need Compliance Support? Contact Us!
Doss Law regularly assists clients with the preparation and submission of CFL annual reports. If you need assistance with your filing or have questions about the reporting requirements, please contact our licensing and compliance department.
📧 Jackellyn Davis, Head of Licensing and Regulatory Compliance
📍 Ja*******@*****aw.com
