California passed a bill increasing an assessment under the Residential Mortgage Lending Act (RMLA). Under the bill, the assessment mortgage lenders and servicers bankers must pay to the commissioner is an amount equal to the lesser of the mortgage lenders and servicers pro rata share of all costs and expenses that the Department of Financial Protection and Innovation (Department) reasonably expects to incur in the current fiscal year in the administration of this division and not otherwise recovered by the commissioner under this division or from the Financial Protection Fund, plus a deficit or less a surplus actually incurred during the prior 2 fiscal years or $15,000 (previously, $5,000). The bill went into effect July 2, 2025.

Click to view the California AB 137: https://www.tenaco.com/wp-content/uploads/2025/07/CA-AB-137-07-02-25.pdf