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California Financial License Defense Attorney

We defend licensed financial professionals in California

California Department of Business Oversight License Defense Attorney

California DBO License Defense Lawyer

The California Department of Business Oversight, known as the DBO, licenses several hundred thousand Licensees in the State of California. Most California Licensees have minimal or no contact with the enforcement arm of the California Department of Business Oversight. For Licensees who become part of the California Department of Business Oversight disciplinary process, the consequences are profound. The DBO License disciplinary process is complex, procedural and time consuming. Licensees facing the California Department of Business Oversight disciplinary process should seek legal representation from an experienced California Department of Business Oversight License Defense Attorney.

The California Department of Business Oversight issues the following types of licenses:

Investment Advisor

Mortgage Loan Originator (MLO)

NMLS

Payday Lender

California Department of Business Oversight Investigation Defense Lawyer

The majority of California Department of Business Oversight investigations begin with the filing of a consumer Complaint. However, California Department of Business Oversight Investigations also occur through sting operations, criminal conviction referrals and criminal investigations. The California Department of Business Oversight utilizes non sworn civilian investigators to conduct non criminal investigations. The California Department of Business Oversight employs sworn Peace Officer Investigators to conduct criminal investigations against Licensees. These employees investigate criminal and administrative law violations. Administrative Law Due Process Rights differ substantially from the Due Process Rights accorded in criminal law.

It is important to have an attorney that understands the California Department of Business Oversight disciplinary process. At the conclusion of a California Department of Business Oversight investigation, the Department has several options. The Department can choose to close the Complaint. The Department can choose to issue a Citation. The Department can also choose to refer the matter to the California DBO Legal Enforcement Office. The DBO Legal Enforcement Office will determine whether cause exists to file a formal disciplinary Accusation. In cases involving criminal conduct, the Department may refer the case to the District Attorney’s Office for criminal prosecution. If you are a licensee facing a California Department of Business Oversight investigation, contact a California Department of Business Oversight License Defense Attorney for representation.

California DBO Accusation Defense Attorney

A formal Accusation served on a California DBO licensee serves as notice to a licensee that the Department intends to revoke the license. The licensee, now called the Respondent, has only 15 days from the date that the Accusation was served (not received, but served) to file a Notice of Defense. The failure to file a Notice of Defense results in a Default against the licensee. A Default will result in the immediate Revocation of the license.

An Accusation is a serious matter that can result in the suspension or revocation of a DBO License in California. In many cases, it is possible for Licensees to reach a Stipulated Agreement with the DBO Legal Enforcement Office and the California Department of Business Oversight. A Stipulated Agreement is a formal term for a settlement agreement. If a Stipulated Agreement cannot be reached, the parties will proceed to a formal Hearing before the California Office of Administrative Hearings (OAH). Licensees facing a California Department of Business Oversight Accusation should contact an experienced California Department of Business Oversight License Defense Attorney for representation.

California Department of Business Oversight Hearing Attorney

The California Office of Administrative Hearings, also known as OAH, maintains several Court Hearing locations. These Court locations are in Los Angeles, Oakland, Sacramento and San Diego. In some instances, Hearings may be held offsite in Bakersfield, Fresno, Orange County, Riverside, San Bernardino, San Francisco, San Jose or Ventura. The Administrative Law Hearing is a formal Hearing before an Administrative Law Judge.

The Administrative Law Judge, or ALJ, will issue a written Proposed Decision approximately 30 days after the Hearing. The California Department of Business Oversight can adopt, modify or reject the ALJ’s Proposed Decision. The California Department of Business Oversight action is called the Final Decision and Order. There are two main rights of Appeal of a Final Decision and Order. California Government Code § 11521 allows a licensee to file a Petition for Reconsideration prior to the effective date of the Final Decision and Order. Pursuant to California Code of Civil Procedure § 1094.5, the licensee can also file a Petition for Writ of Mandamus in Superior Court. A Writ must be filed within 30 days of the effective date of the Final Decision and Order. California Licensees facing a California Department of Business Oversight Administrative Law Hearing need effective representation from a California Department of Business Oversight License Defense Lawyer.

California DBO and Criminal Convictions

The California Department of Business Oversight can discipline licensees for criminal convictions. California Department of Business Oversight discipline occurs for criminal convictions that are substantially related to the duties, functions and qualifications of a licensee. Common criminal offenses that can cause DBO License discipline are:

  • Altering or Forging a Prescription
  • Assault With a Deadly Weapon
  • Battery
  • Brandishing a Firearm
  • Burglary
  • Carrying a Concealed Weapon
  • Child Abuse
  • Child Endangerment
  • Diverting a Controlled Substance
  • Domestic Violence
  • DUI
  • Elder Abuse
  • False Imprisonment
  • Forgery
  • Fraud
  • Hit & Run
  • Identity Theft
  • Insurance Fraud
  • Medicare Fraud
  • Mortgage Fraud
  • Possession for Sale of a Controlled Substance
  • Possession of a Controlled Substance
  • Public Intoxication
  • Real Estate Fraud
  • Robbery
  • Sex Offenses
  • Theft
  • Trespass
  • Vandalism
  • Vehicular Manslaughter

The California Department of Business Oversight and other law enforcement agencies also investigate criminal conduct by Licensees in the course and scope of their practice. Criminal investigations often involve Licensees engaged in Elder Financial Abuse, Forgery, Fraud and Theft.

Regulations. In serious criminal cases against Licensees pending in Criminal Court, the California Department of Business Oversight and the California DBO Legal Enforcement Office may seek a California Penal Code § 23 Order against the licensee. A California Penal Code § 23 Order seeks to suspend a DBO License in Criminal Court.

Licensees facing criminal charges and Licensees who are convicted of criminal offenses need an experienced California Department of Business Oversight License Defense Attorney for representation in disciplinary proceedings before the California Department of Business Oversight.

California DBO Statement of Issues Attorney

The California Department of Business Oversight thoroughly investigates all applicants for DBO Licenses. The California Department of Business Oversight may deny a license to students and licensees from other states and countries. Most California Department of Business Oversight denials occur due to criminal convictions, financial problems or misstatements on the license application. Statement of Issues Hearings and Accusation Hearings before the Office of Administrative Hearings maintain a similar procedure. However, in a Statement of Issues Hearing, the applicant bears the burden of proof. Individuals denied a DBO License should contact a California Department of Business Oversight License Denial Lawyer for representation in a California Department of Business Oversight Statement of Issues Hearing.

California Department of Business Oversight Petition for Reinstatement Lawyer

A Petition for Reinstatement allows Licensees who have received a DBO License Revocation to reinstate their License. The Petition for Reinstatement must show by clear and convincing evidence the factual and legal reasons to warrant the License Reinstatement. Rehabilitation from past misconduct is the primary factor in a Petition for Reinstatement before the California Department of Business Oversight. A successful Petition for Reinstatement requires representation by an experienced California Department of Business Oversight License Defense Attorney.