Potential Implications of the California Consumer Financial Protection Law for the Real Estate Settlement Services Industry

The new California Consumer Financial Protection Law (CCFPL) converts the Department of Business Organization into the Department of Financial Protection and Innovation (DFPI) with expanded powers and jurisdiction over financial product and service providers. While there are exemptions from the CCFPL for companies operating under various licenses, certificates or charters, such as California licensed mortgage lenders and escrow agents, the CCFPL expressly defines covered financial products or services to include real estate settlement services. This webinar will explore potential implications of the CCFPL for the real estate settlement services industry, and how broadly the DFPI may interpret its jurisdiction over industry participants.

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