All licensees under the California Financing Law must submit an Annual Report to the Commissioner of the Department of Financial Protection and Innovation (DFPI). The Annual Report form and instructions are now available on the DFPI’s California Financing Law webpage. The deadline to submit the Annual Report electronically is March 15, 2021.

You are required to have a registered DFPI portal account to submit the Annual Report. To sign in or register for a portal account, go to this DFPI webpage. We strongly encourage licensees to start gathering the data to ensure they can timely file the Annual Report.

Failure to submit the Annual Report by the deadline may result in the revocation of your license pursuant to Financial Code section 22715(a) or money penalties pursuant to Financial Code section 22715(b).

Specifically, Financial Code section 22715(a) provides as follows:

The commissioner may by order summarily suspend or revoke the license of any licensee if that person fails to file the report required by Section 22159 within 10 days after notice by the commissioner that such report is due and not filed. If, after an order is made, a request for hearing is filed in writing within 30 days and the hearing is not held within 60 days thereafter, the order is deemed rescinded as of its effective date.

Click here for a penalty matrix reflecting the penalties assessable based on late-filing date.

If you have any questions, please email CFL.Inquiries@dfpi.ca.gov or call (213) 576-7690.

Authority: Financial Code sections 22159(a), 22715(a), and 22715(b).