Kickoff to Filing Season!! CFL, NMLS, and MORE!
DOSS LAW ALERT
As we head into 2025’s busy compliance season, it’s essential to stay ahead of your filing requirements. Deadlines for critical filings—such as DFPI Annual Filings, NMLS Annual Renewals, and Corporate & Securities Annual Amendments—are right around the corner. Make sure everything is submitted swiftly and accurately to avoid last-minute stress.
Here’s What Needs to Be Done Before the End of the Year:
- DFPI Annual Assessment Fees – Due October 31, 2025
On September 29, 2025, the Department of Financial Protection & Innovation (DFPI) issued its Annual Assessment Fee Invoice for all licensees (CFL, RMLA, etc…) on NMLS which must be paid for and submitted by October 31, 2025. Delinquency will result in penalties and complications. This fee is critical to maintaining your license and keeping it in good standing.
- NMLS Annual Renewals – Starting November 1, 2025 – Due December 31, 2025
Annual renewals for the California Financing Law (CFL), Mortgage Loan Originators (MLO), and other licenses under the Nationwide Multistate Licensing System (NMLS) will commence on November 1 and must be submitted on or before December 31, 2025. It is essential to ensure that all Continuing Education (CE) requirements are satisfied well before the deadline, and that your renewal is submitted as soon as possible to avoid potential penalties. Please note that certain licenses may not be able to conduct business after January 1, 2026, if the renewal is not completed and approved before the deadline.
- CFL Annual Report – Due March 15, 2026
The deadline for submitting your 2025 CFL Annual Report is March 15. All CFL licensees must file their reports by this date, failure to meet this deadline may result in penalties and affect the status of your license.
- Secretary of State – Annual Reports
To ensure full compliance by the end of the year, we encourage you to not only complete the necessary internal audits but also take the time to review your status with the Secretary of State to determine when your annual reports are due.
- Securities Exchange Commission – Annual Amendments
Additionally, if applicable, please remember to check your Form D notice filings to confirm the due dates for your annual amendments or whether you need to file a new notice in another state. Staying proactive with these filings will help avoid unnecessary penalties and keep your business in good standing.
Why Act Now?
- Avoid Penalties: Non-compliance with any of these requirements could result in hefty fines, legal issues, and potential license lapses.
- Stay Compliant: Ensure your business remains in good standing with all regulatory agencies.
- Peace of Mind: Address all compliance requirements early to avoid stress and complications later.
CONTACT US TODAY!
Filing at the last minute could lead to significant issues and delay timely approval of your reports. Don’t let these important deadlines slip through the cracks. Reach out to Jackellyn Davis if you have questions or need further assistance.
📧 Jackellyn T. Davis, Head of Licensing and Regulatory Compliance
📍 Jackellyn@DossLaw.com