Department of Business Oversight’s New Name

The California Department of Business Oversight has officially changed its name to the Department of Financial Protection and Innovation (DFPI). The department name change became effective September 30, 2020.

While the DFPI has yet to set a firm deadline for updates to loan documents, business cards, or websites, licensees should complete this legally required transition as soon as possible.

During the transition period, the DFPI will continue to recognize existing materials with the “Department of Business Oversight.” The department recognizes it may take time to incorporate any/all legally required disclosures, documents, printed materials, and website information provided to consumers, other regulators, or to the public.

Additionally, please note that the department’s Sacramento headquarters address has changed to 2101 Arena Boulevard, Sacramento, CA 95834. Please contact California Financing Law Special Administrators with any specific challenges.

For questions, please contact the appropriate department program or email Ask.DBO@dbo.ca.gov

Spiegel Joins National Lending Experts

The National Lending Experts (NLE) recently announced Jeff Spiegel as the CPA/Business Advisor, and newest member, of its Advisory Board. Jeff accepted the invitation to contribute to the NLE network and offer leadership in the areas of tax, accounting, audit, and business consulting.

The NLE established itself to provide core leadership and guidance by offering up-to-date information and education on market conditions and trends via virtual platforms and national events. The organization is committed to connecting industry professionals with leadership and direction as it pertains to every aspect of the real estate industry, including residential and commercial lending, servicing, valuation, secondary markets, litigation, rehab/construction, and best practices.

Jeff looks forward to collaborating with his fellow Advisors by providing valuable resources to further industry success.

Learn more about The National Lending Experts.