The Department of Corporations’ jurisdiction is not limited to the Corporate Securities Law of 1968. In fact, it has an entire division dedicated to financial services regulation. The Department’s Financial Services Division, or FSD, has responsibililty for administering the following six laws: California Deferred Deposit Transaction Law California Finance Lenders Law California Foreclosure Prevention Act California
Last Thursday, Governor Arnold Schwarzenegger signed SB 392 (Florez) into law. This bill authorizes the Contractors’ State License Board, commencing no later than January 1, 2012, to issue a contractor’s license to a limited liability company.