California DBO Announces New Online Portal For Certain Licensees

Licensing

On May 19, the California Department of Business Oversight announced it will transition certain license application and maintenance functions to a new online system. Beginning June 18, 2014, companies and individuals seeking licensure under the California Finance Lenders Law, the California Deferred Deposit Transaction Law, and the Escrow Law will visit a new online self-service portal to (i) submit applications for licensure; (ii) view the status of their license application; (iii) submit Annual Report information; and (iv) update contact information. Later this year licensees will be able to pay application, renewal, and qualification fees using this portal.