Financial Services Office - DFPI
Source: https://dfpi.ca.gov/about/dfpi-divisions-and-offices/financial-services-office
Archived: 2026-04-23 17:10
Financial Services Office - DFPI
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About
DFPI Divisions and Offices
Financial Services Office
Financial Services Office
The Financial Services Office licenses payday lenders, mortgage and other non-bank lenders, and other financial service providers, and is responsible for the regulation of three separate laws:
California Deferred Deposit Transaction Law (Payday Lenders)
California Financing Law
Small Dollar Loans Pilot Program
PACE Program Administrators
Check Sellers, Bill Payers and Proraters Law
Financial Services Office application and examinations:
Financial Services Office reviews applications for licensure under the laws. If all requirements are met, companies receive a license. Once licensed, a company is included in the regulatory examination cycle for that industry.
Financial service offices undergo regulatory examinations every one to four years at their licensed location. The goal is to ensure compliance with laws, regulations, and financial stability. The Financial Services Office also analyzes financial information to monitor and address any issues. Additionally, they have the authority to conduct examinations at any time if needed.
Violations of the laws
California Financial Code
and the
California Code of Regulations
are handled by the Department’s Enforcement Division (ENF).
Financial Services Office also works with the United States Attorney’s office and the Department of Housing and Urban Development in the regulation of lenders.
Financial Services Office staff also utilizes the informational resources of the
National Association of Consumer Credit Administrators
to assist in the regulation of lenders.
Financial Services Division Leadership
Nicholas Lee
Deputy Commissioner, Financial Services
Key Consumer Links
Explore Consumer Topics
Consumer Alerts
Consumer Education Events
Regulated Industries
Browse Actions & Orders
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Updated:
October 3, 2025
Skip to Main Content
Home
About
DFPI Divisions and Offices
Financial Services Office
Financial Services Office
The Financial Services Office licenses payday lenders, mortgage and other non-bank lenders, and other financial service providers, and is responsible for the regulation of three separate laws:
California Deferred Deposit Transaction Law (Payday Lenders)
California Financing Law
Small Dollar Loans Pilot Program
PACE Program Administrators
Check Sellers, Bill Payers and Proraters Law
Financial Services Office application and examinations:
Financial Services Office reviews applications for licensure under the laws. If all requirements are met, companies receive a license. Once licensed, a company is included in the regulatory examination cycle for that industry.
Financial service offices undergo regulatory examinations every one to four years at their licensed location. The goal is to ensure compliance with laws, regulations, and financial stability. The Financial Services Office also analyzes financial information to monitor and address any issues. Additionally, they have the authority to conduct examinations at any time if needed.
Violations of the laws
California Financial Code
and the
California Code of Regulations
are handled by the Department’s Enforcement Division (ENF).
Financial Services Office also works with the United States Attorney’s office and the Department of Housing and Urban Development in the regulation of lenders.
Financial Services Office staff also utilizes the informational resources of the
National Association of Consumer Credit Administrators
to assist in the regulation of lenders.
Financial Services Division Leadership
Nicholas Lee
Deputy Commissioner, Financial Services
Key Consumer Links
Explore Consumer Topics
Consumer Alerts
Consumer Education Events
Regulated Industries
Browse Actions & Orders
Submit a Complaint
Stay Connected
Receive financial alerts, insights, and tips for improving your wealth.
Subscribe
Linked In
YouTube
Updated:
October 3, 2025