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Financial Services Law Insights and Observations

California Department of Real Estate issues guidance regarding late submission of certain required reports

State Issues Covid-19 California Real Estate Broker-Dealer Mortgages

State Issues

On April 13, the California Department of Real Estate (DRE) issued guidance providing that the DRE will review situations on a case-by-case basis with respect to deadlines for filing certain DRE required reports. Entities that are late in submitting their reports are requested to add a signed explanation as to the delay, if possible. The DRE will work with brokers who miss deadlines due to disruptions resulting from Covid-19.