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Roy M. Hanson, Jr. Child and Family Protection Association Alert: Updated April 24, 2007, AB 755 ? Action Alert Jointly Issued by Child and Family Protection Association and HILDA ? UPDATED April
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What is ab 755 action alert
AB 755 action alert refers to a notification sent by the California Department of Business Oversight (DBO) to licensed finance lenders and brokers. It is a notice requesting information on the actions taken by the licensee to address the COVID-19 pandemic's impact on their customers.
Who is required to file ab 755 action alert
Licensed finance lenders and brokers in California are required to file the AB 755 action alert. This includes entities that provide consumer loans, commercial loans, and residential mortgage loans.
How to fill out ab 755 action alert
To fill out the AB 755 action alert, licensees need to follow the instructions provided by the California Department of Business Oversight (DBO). The alert can be filled out online through the DBO's secure portal, where licensees can enter the required information and submit the form electronically.
What is the purpose of ab 755 action alert
The purpose of the AB 755 action alert is to gather information from licensed finance lenders and brokers regarding the actions they have taken to assist customers affected by the COVID-19 pandemic. The data collected helps the DBO track industry trends and ensure compliance with relevant regulations.
What information must be reported on ab 755 action alert
The AB 755 action alert requires licensees to report various information, including the number of loans modified or forbearances granted, the number of loans in default, the total outstanding loan balance, and any fee or interest waivers provided to customers. Additional details, such as the types of loans offered and the impact of the pandemic on the licensee's operations, may also be required.
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