CFL licensees: watch out for the ides of March! – Corporate/commercial law


United States: CFL licensees: watch out for the ides of March!

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Each month of the year has an Ides. To see Why husbands should listen to their wives. . .

This year, the Ides will be doubly important for licensees under California Financing Law, Cal. Fin. Code § 22000 and following.

First, March 15 is the deadline for licensees to submit their annual reports to the Department of Financial Protection and Innovation. Licensees must complete the report online on the Department’s website at https://docqnet.dfpi.ca.gov. Licensees must log in to the self-service portal in order to complete the report.

Second, all CFL licensees must complete the transition of their licenses to the National Multi-State Licensing System (NMLS). State regulators created the NMLS so that lenders and other financial services companies can create and maintain a single record to apply for, maintain, renew, or relinquish licenses in one or more states.

Remembering “Big Bill”

Regular readers of this blog will know my special affection for Tonopah, Nevada, the “Queen of Nevada’s Silver Camps”. On this date in 1911, a terrible fire broke out in the Belmont mine in Tonopah, Nevada. The mine was rich but deadly. Miners descended more than a thousand feet in a cage to rip the rich ore from the earth. According to Tonopah Daily Bonanza:

[H]An eroism of a rare quality of bravery was exhibited by William Murphy, known as “Big Bill” Murphy (who) by all reports made three runs into Belmont’s cage out of the first two of which he has brought a number of his comrades to the surface, but on the third and final voyage he was evidently defeated and died a hero fighting for the lives of his colleagues.

Big Bill’s sacrifice has not been forgotten. Town of Tonopah honors “Big Bill’s heroism with this statue

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Bill Bill is buried in Old Tonopah Cemetery:

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