COVID-19 FAQs for Business Practices
Updated April 13, 2020
The purpose of these FAQs is to provide information in response to some of the most commonly posed questions relating to Governor Gavin Newsom's Executive Order N-33-20, requiring people to "shelter-in-place" in order to slow the spread of the coronavirus (COVID-19), and the impacts of that order on licensing processes. Please note that this is a rapidly evolving situation and guidance can change accordingly.
1. Will the deadlines for filing DRE required reports be extended?
Related to threshold under B&P 10232 et seq., multi-lender under B&P 10238 et seq., business activity under B&P 10166.07 and 10232.2(c), escrow activity under B&P 10141.6, and NMLS mortgage call reports under B&P 10166.08, DRE will review all situations on a case-by-case basis. When you are able to submit the report, and if the submission is late, please try to add a signed explanation as to the delay (if possible). We will work with brokers who miss deadlines due to disruptions resulting from the pandemic.
