California Department of Business Oversight

Department of Business Oversight
Department overview
Formed July 1, 2013 (2013-07-01)
Preceding agencies
Jurisdiction California
Headquarters Sacramento, California
Department executive
  • Jan Lynn Owen, Commissioner
Parent department Business, Consumer Services and Housing Agency
Website www.dbo.ca.gov

The California Department of Business Oversight (DBO) is a department of the Business, Consumer Services and Housing Agency (BCSH) that regulates a variety of financial services, products and professionals.[1]

Organization

The Division of Corporations (DOC), formerly the Department of Corporations, provides consumer protections, licenses and regulates securities brokers and dealers, investment advisers and financial planners, consumer and commercial lenders including mortgage lenders, deferred deposit or payday lenders, escrow companies, and certain other fiduciaries, and regulates the offer and sales of securities, franchises and off-exchange commodities.[2]

The Division of Financial Institutions (DFI), formerly the Department of Financial Institutions, oversees the operations of state-licensed financial institutions, including banks, credit unions, industrial banks, savings associations, trust companies, foreign banking organizations, business and industrial development corporations, money transmitters, issuers of payment instruments and travelers checks, and premium finance companies.[3]

References

  1. ↑ "About Us". California Department of Business Oversight. Retrieved March 15, 2014.
  2. ↑ "Division of Corporations". California Department of Business Oversight. Retrieved March 15, 2014.
  3. ↑ "Division of Financial Institutions". California Department of Business Oversight. Retrieved March 15, 2014.

External links


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