The California Department of Financial Protection & Innovation recently issued is 2021 Annual Report of Operation of Finance Lenders, Brokers, and PACE Administrators Licensed Under the California Financing Law. The DFPI reports a nearly 12% increase in the number of licensees from 3,886 to 4,340. Interestingly, about 6% of the licensees, or 454, failed to file the required annual report.
With respect to commercial lending, the DFPI noted the following highlights:
The following chart summarizes some of the data included in the report regarding the number of licensees, licensed locations and new applications: