Which division regulates lenders and certain fiduciaries within the DOC?

The Financial Services Division of the Department of Consumer Affairs (DOC) in California is responsible for regulating a variety of financial institutions, including mortgage lenders, brokers, and certain fiduciaries. This division focuses on ensuring compliance with state laws, protecting consumers, and promoting fair lending practices.

The primary mission of the Financial Services Division encompasses licensing and monitoring financial service providers to ensure they meet the necessary standards and operate within the law. This division plays a crucial role in overseeing lenders and ensuring they act in a responsible and ethical manner, thus safeguarding the interests of consumers engaging in mortgage transactions.

In contrast, the other divisions listed have different focuses. The Securities Regulation Division deals primarily with investment products and securities markets, the Enforcement Division handles compliance issues and investigations across a broader range of industries, and the Consumer Services Division generally addresses consumer complaints and advocacy but does not specifically regulate lenders.