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Important Notices

Winter storm impact (eight counties) – DBO Proclamation

April 15, 2019
On April 12, 2019, Governor Newsom proclaimed that these winter storms caused additional impacts to roads and other critical infrastructure throughout Butte, Colusa, Del Norte, Mariposa, Napa, Santa Cruz, Solano, and Tuolumne counties.

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Winter storm impact (26 counties) – DBO Proclamation

Extraordinary Situation Proclaimed in 26 California Counties On February 28, 2019, Governor Gavin Newsom proclaimed a state of emergency in Amador, Glenn, Lake, Mendocino and Sonoma counties as a result of an atmospheric river storm system that swept...

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Camp fire (Butte County) – DBO Proclamation

Extraordinary Situation Proclaimed in Butte County On November 8, 2018, Acting Governor Gavin Newsom proclaimed a state of emergency in& Butte County due to the effects of the Camp fire which has damaged structures and infrastructure and threatened...

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Erratum

ErratumCredit union annual audit reports are due in this office on or before October 13, not October 31 as reported in the September 2018 issue of the Monthly Bulletin. Please note the corrected notice below. Credit Union Annual Audit Reports Due October...

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Ferguson Fire (Mariposa County) – DBO Proclamation

Extraordinary Situation Proclaimed in Mariposa County On July 26, 2018, Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Mariposa County due to the effects of the Ferguson fire which has damaged structures and infrastructure and...

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Klamathon Fire (Siskiyou County) – DBO Proclamation

Extraordinary Situation Proclaimed in Siskiyou County On July 5, 2018 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Siskiyou County due to the effects of the Klamathon fire which has damaged structures and infrastructure, threatened...

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Pawnee Fire (Lake County) – DBO Proclamation

Extraordinary Situation Proclaimed in Lake County On June 25, 2018 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Lake County due to the effects of the Pawnee fire which has damaged structures and infrastructure, threatened homes, and...

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DBO Offices in San Francisco to Consolidate March 16

On Friday, March 16, the DBO office at 45 Fremont Street Suite 1700 San Francisco, CA 94105-2219 will be consolidated into the DBO office at One Sansome Street, Suite 600, San Francisco, CA 94104-4428. Please make a note of it. Telephone numbers for...

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Extraordinary Situation Proclaimed in Santa Barbara County

On December 8, 2017 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Santa Barbara County as a result of the Thomas Fire, which has destroyed homes and other structures necessitating the evacuation of residents. Consequently, Commissioner...

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Extraordinary Situation Proclaimed in San Diego County

On December 7, 2017 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in San Diego County as a result of the Lilac Fire, which has destroyed homes and other structures necessitating the evacuation of residents. Consequently, Commissioner of...

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Extraordinary Situation Proclaimed in Los Angeles County

On December 5, 2017 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Los Angeles County as a result of the Creek and Rye fires, which have destroyed homes and other structures necessitating the evacuation of thousands of residents....

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Ventura County – Thomas Fire – DBO Proclamation

Extraordinary Situation Proclaimed in Ventura County On December 5, 2017 Governor Edmund G. Brown, Jr. proclaimed a state of emergency in Ventura County due to the effects of the Thomas Fire, which has destroyed hundreds of homes and other structures...

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DBO PACE Regulations Stakeholder Meeting – Dec 1

Dear Stakeholder: Governor Brown recently signed legislation establishing the nation's most extensive set of consumer protections for California homeowners who finance energy-efficiency improvements through the Property Assessed Clean Energy, or PACE...

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DBO Education and Outreach Event

To: Financial Institutions with Offices in Fresno County and Surrounding Counties You are invited to join the Department of Business Oversight (DBO) for a financial education trainer convening on Friday, September 1, to discuss new campaigns, initiatives...

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Elder Abuse Prevention Training in San Mateo

To:  Financial Institutions with Offices in San Mateo County The Department of Business Oversight (DBO) is partnering with San Mateo County's Elder and Dependent Adult Protection Team (EDAPT) to inform financial institutions with offices in San Mateo...

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Notice of Proposed Regulations: Credit Union Bylaws Repeal

The California Department of Business Oversight has filed a Notice of Rulemaking Action with the Office of Administrative Law.  The proposed regulatory action would repeal section 30.105 of title 10 of the California Code of Regulations, which requires...

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Local Agency Security Letter, Second Quarter 2017

IntroductionAt the close of each quarter, the Department of Business Oversight, acting as the Administrator of Local Agency Security sends financial institutions a notice to file their Called Report of Local Agency Deposits and Securities by the due date....

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Revised Release No. 58-FS

Since the federal adoption of the TILA-RESPA Integrated Disclosure rule, the Commissioner of Business Oversight has received requests from licensed mortgage lenders for additional guidance regarding compliance with California’s per diem interest statute...

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NMLS Call Report

NMLS MSB Call Report Due to NMLS by May 15:Starting with the first quarter call reports for calendar year 2017, money transmitter licensees that have transitioned to the NMLS for California must file the NMLS MSB Call Report directly through the NMLS. The...

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DBO – Introduction to the 2017 National Survey

State bank supervisors in coordination with the Federal Reserve are planning the fifth annual Community Banking in the 21st Century research and policy conference in St. Louis, Missouri. The goal of the conference is to provide a venue and encourage...

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DBO – Quarterly Report – First Quarter 2017

March 30, 2017Subject: FIRST QUARTER 2017 REPORT TO THE SENIOR TRUST OFFICER OF ALL NATIONALBANKS, FEDERAL SAVINGS BANKS, AND FOREIGN (OTHER STATE) BANKS AUTHORIZED TO ENGAGE IN TRUST BUSINESS IN CALIFORNIA (“REPORTING INSTITUTIONS”)Dear Sir or...

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DBO – Quarterly Report – Fourth Quarter 2016

January 3, 2017 Subject: FOURTH QUARTER 2016 REPORT TO THE SENIOR TRUST OFFICER OF ALL NATIONAL BANKS, FEDERAL SAVINGS BANKS, AND FOREIGN (OTHER STATE) BANKS AUTHORIZED TO ENGAGE IN TRUST BUSINESS IN CALIFORNIA (“REPORTING INSTITUTIONS”) Dear...

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DBO Annual Assessment 2016-2017

The California Financial Code authorizes the Commissioner of the Department of Business Oversight (DBO/Department) to annually assess from all state chartered financial institutions an amount sufficient to meet the expenses of the Department in...

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Notice to DBO of Extraordinary Events of Public Interest

The Commissioner of Business Oversight requests that banks and credit unions notify the DBO of business developments or incidents that may draw the attention of the media or otherwise subject the institution to public scrutiny. Reportable events include...

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Transitioning to NMLS

The California Department of Business Oversight (DBO) on January 15, 2016 will begin using the Nationwide Multistate Licensing System and Registry (NMLS) to manage money transmitter licenses. Through NMLS, your company will have the option to apply for, or...

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Your License Has Been Terminated

REINSTATEMENT PERIOD ENDS FEBRUARY 29, 2016 Your Mortgage Loan Originator (MLO) license has been terminated effective January 1, 2016. You must cease operating as an MLO until the Department of Business Oversight (DBO) has reviewed and approved your...

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MLO License Renewal Requirements – Second Notice

Mortgage Loan Originator License Renewal Requirements The annual renewal period for your mortgage loan originator license will be from November 1, 2015 through December 31, 2015. You must renew your license during this period in order to ensure that you...

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Statement on Valley and Butte Fires

DBO Commissioner Issues Statement on Valley and Butte Fires Department of Business Oversight (DBO) Commissioner Jan Lynn Owen today called on state-chartered banks and credit unions to be leaders in efforts to help communities recover in four fire-damaged...

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Community Banking Survey Deadline June 15

Community Banking in the 21st CenturyNational Survey of Community Banks Deadline Extended to July 10 The deadline to complete the 2015 National Survey of Community Banks at: https://sri.cornell.edu/CB21/. has been extended to July 10. Completion should...

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California Payday Lending Activity Increased in 2014

California Payday Lending Activity Increased in 2014, DBO Report Shows California payday lending activity in 2014 increased from the prior year, but the average size of transactions and average annual percentage rate (APR) of fees declined, according to a...

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MTA Regulations – 2nd 15 Day Comment Period

Second 15 Day Comment Period: Money Transmission Act Regulations The Commissioner of the California Department of Business Oversight (DBO) requests comments on additional modifications to the proposed regulations implementing the Money Transmission Act....

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CDDTL Regulations – Deadline Extension

Deadline Extension - Invitation for Comments on Proposed Regulations under the California Deferred Deposit Transaction Law On April 10, 2015, the Department of Business Oversight (DBO) issued an Invitation for Comments on proposed rulemaking under the...

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DBO – Quarterly Report – Fourth Quarter 2014

The Quarterly Report presents summary statistics for banks, industrial banks, credit unions, offices of foreign banks and trust companies. The data include prior-year and prior-quarter comparative numbers. The Quarterly Report shows at-a-glance significant...

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Investment Adviser Exemption

Invitation for Comments on Proposed Regulations under the Corporate Securities Law of 1968.The Commissioner requests comments on proposed changes to regulations under the Corporate Securities Law of 1968. The proposed amendments would create a regulatory...

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DBO – Quarterly Report – Third Quarter 2014

The Department of Business Oversight’s draft Tribal Consultation Policy is now available.  All California Indian Tribes are invited to review and comment on the draft policy.  Comments should be submitted to Tribal Liaison Tony Lehtonen at 916-322-5979, at...

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Enhanced Consumer Complaint Processing

Enhanced Consumer Complaint Processing: Response & Expectations The California Department of Business Oversight (DBO) recently implemented improvements to our consumer complaint processes for complaints related to DBO-licensed finance lenders;...

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Escrow Advisory Committee – Openings on Committee

Greetings, This is a general announcement regarding three current openings on the Escrow Advisory Committee (Committee).  The Committee is established in Financial Code Section 17214. The Committee’s purpose, as designated in statute, is to...

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CA DBO Commissioner Order for Designated Email Address

Registering a Designated Email Address for Your CompanyDear Licensee:On June 23, 2014, the Department of Business Oversight (DBO) requested your business register an email address designated to receive communications from the DBO by July 23, 2014.As of...

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DBO – Quarterly Report – Second Quarter 2014

California Department of Business Oversight sent this bulletin at 06/30/2014 08:00 AM PDT June 30, 2014 SECOND QUARTER 2014 REPORT TO THE SENIOR TRUST OFFICER OF ALL NATIONAL BANKS, FEDERAL SAVINGS BANKS, AND FOREIGN (OTHER STATE) BANKS AUTHORIZED TO...

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2014 Community Banking in the 21st Century Survey

Last month, the Commissioner of the Department of Business Oversight requested your participation in the national survey described below. We would like to thank and acknowledge the banks that took the time to participate and to inform banks that have not...

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MLO Branch Offices Invitation for Comments

Invitation for Comments on Proposed Regulations under the California Finance Lenders Law and the California Residential Mortgage Lending ActThe California Department of Business Oversight Commissioner (Commissioner) is requesting comments on proposed...

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CA DBO Web Portal Launches

Dear Dapartment of Business Oversight Licensee: The Department of Business Oversight is pleased to announce the launch of the self-service portal of the Document Quality Network (DOCQNET). Beginning today, companies and individuals with a license or...

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DBO – Quarterly Report – 1th Quarter 2014

Introduction The Quarterly Report presents summary statistics for banks, industrial banks, credit unions, offices of foreign banks and trust companies with a one-year comparison. The intention of the Quarterly Report is to show at-a-glance significant...

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Request from CA State Treasurer Bill Lockyer

Dear Department of Business Oversight Licensee: The State Treasurer’s Office requests your help to locate any transaction and non-transaction accounts held by state agencies or departments at your institution. Please read the attached letter below...

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CA DBO Web Portal to be Launched

Dear Department of Business Oversight Licensee: The Department of Business Oversight is preparing to launch the self-service portal of the Document Quality Network (DOCQNET) and wishes to advise you of the impact this information technology (IT) upgrade...

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Pursuant to the Bank Extraordinary Situation Closing Act

Pursuant to the Bank Extraordinary Situation Closing Act (Financial Code Section 1090 et seq.), the Commissioner of Business Oversight proclaims that an extraordinary situation exists in the County of San Diego due to fires that poses a threat to the...

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DBO Authorizes State Banks Affected by Fires to Close

The California Department of Business Oversight (DBO) today authorized banks located in areas declared to be in a state of emergency by the Governor to close any or all of their offices affected by the fires.Pursuant to California Financial Code Section...

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Warning Notice – False Phone Calls from DFI Imposters

It has come to our attention that an individual or individuals posing to be with the “DFI” (the former Department of Financial Institutions) made several calls to a licensee attempting to obtain the contact information for the licensee’s...

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Invitation for Comments under the Money Transmission Act

Invitation for Comments under the Money Transmission Act The Department is requesting comments on proposed changes to regulations under the Money Transmission Act. The proposed regulations set forth requirements for a money transmitter license and money...

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Name and Address Change

Local Agency Security Program Address Change March 25, 2014 To All Financial Institutions: We are still receiving mail addressed to Department of Financial Institutions and sent to our old address. Please note that on July 1, 2013 the Department of...

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DBO – Quarterly Report – 4th Quarter 2013

Introduction The Quarterly Report presents summary statistics for banks, industrial banks, credit unions, offices of foreign banks and trust companies with a comparison to one year and one quarter ago. The intention of the Quarterly Report is to show...

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DBO – Call Report – 4th Quarter 2013, To the Senior Trust Officer of all National Banks, Federal Savings Banks, and Foreign (Other State) Banks Authorized to Engage in Trust Business In California (“Reporting Institutions”)

DBO - Call Report - 4th Quarter 2013 January 2, 2014 FOURTH QUARTER 2013 REPORT TO THE SENIOR TRUST OFFICER OF ALL NATIONAL BANKS, FEDERAL SAVINGS BANKS, AND FOREIGN (OTHER STATE) BANKS AUTHORIZED TO ENGAGE IN TRUST BUSINESS IN CALIFORNIA (“REPORTING...

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Oct 30 SBLC Attendees List

November 6, 2013 Dear SBLC Attendee, Thank you for attending the Department of Business Oversight (DBO) Small Business Lenders Conference (SBLC) in the Milton Marks Conference Center at the Hiram W. Johnson State Office Building in San Francisco on October...

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Train-the-Trainer Presentation in Sacramento

Money Smart for Older Adults Train-the-Trainer Presentation in Sacramento Presented by the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB), in collaboration with the Department of Business Oversight (DBO),...

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Called Reports of Local agency Deposits and Securities

Required information must be reported as of the close of business on September 30, 2013 and postmarked no later than October 28, 2013.California Government Code, Section 53661 (e) requires depositories to file a Called Report of Local Agency Deposits and...

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SCO Issues Updated Holders Handbook

The following message is being sent on behalf of the State Controllers Office (SCO) Holder Outreach and Compliance Team, who would like to share with you an updated Unclaimed Property Holder Handbook. It is available on the State Controller’s website...

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Arthur Washington to Speak at SBLC

The Department of Business Oversight is pleased to welcome Arthur Washington, CEO of Nor-Cal FDC as a speaker at the Small Business Lenders Conference (SBLC) on October 30, at the Milton Marks Conference Center located in the Hiram W. Johnson State Office...

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DBO – Quarterly Report – Second Quarter 2013

Quarterly ReportSecond Quarter 2013 Introduction The Quarterly Report presents summary statistics for banks, industrial banks, credit unions, offices of foreign banks and trust companies. The intention of the Quarterly Report is to show at-a-glance...

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Small Business Lenders Conference Web Page

A Small Business Lenders Conference page has been added to the DBO Website. There are links to the presentations, agenda and speakers' bios from the June 13 Small Business Lending Fair in Los Angeles. Look there for news about the upcoming October 30 event...

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Corporate Account Takeover (CATO) Webinar on September 4

To: Presidents, Chief Executive Officers and Chief Operational OfficersFrom: Commissioner Jan Lynn OwenRe: Corporate Account Takeover (CATO) Webinar Corporate Account Takeover (CATO), a form of cyber-attack, can pose significant risks to financial...

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Updated [month/year]