California's AB 2116 introduces a regulatory framework for commercial financing, bringing more providers under DFPI oversight.
What changed
Commercial financing providers and brokers are now subject to DBPI licensing requirements.
Compliance perspective
Entities must prepare for compliance ahead of the operable date set for January 1, 2028.
Key date
Effective date: January 1, 2028.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.