CA CFL Annual Report Expanded for Certain Mortgage Activity

Overview

The California Finance Lender License Annual Report, due March 15, 2026, Schedule L includes expanded questions applicable to licensees that made or arranged nontraditional mortgage loans or adjustable-rate mortgage (ARM) loans subject to the CSBS / AARMR Guidance. The additional disclosures apply only if the licensee engaged in covered activity during the reporting period.

Who Is Impacted

California Finance Lender licensees that made or arranged nontraditional or adjustable-rate mortgage loans subject to the Guidance during 2025.

What’s New

If applicable, licensees must complete the Non-Traditional, Adjustable Rate and Mortgage Loan Survey, which adds new narrative and data fields covering:

• Implementation of required “best practices,” including policies, procedures, compliance oversight, training, and complaint handling
• Consumer complaint data related to these loan products (received, resolved, and unresolved)
• Identification and contact information for the designated compliance officer

What Licensees Should Do Now

• Confirm whether any 2025 loan activity triggers applicability under the Guidance
• Ensure policies, procedures, and complaint tracking support the required narrative responses

How FS Vector Can Help

FS Vector assists California Finance Lender licensees with evaluating Schedule L applicability, preparing required survey responses, and aligning policies and compliance documentation with CSBS/AARMR expectations. Through the APPROVED platform, we also support end-to-end annual reporting workflows to help reduce filing risk and last-minute issues.

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