California § 50506. 50506. (Added by Stats. 1994, Ch. 994, Sec. 7.)

California Statutes

§ 50506. — 50506. (Added by Stats. 1994, Ch. 994, Sec. 7.)

California § 50506.

Code FINFinancial Code - FIN

Div. 20.DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT

Ch. 7.CHAPTER 7. Prohibited Practices and Penalties

This text of California § 50506. (50506. (Added by Stats. 1994, Ch. 994, Sec. 7.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Financial Code - FIN Code § 50506. (2026).

Text

Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an omission to be made in the full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, violates this division.

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Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an omission to be made in the full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, violates this division.

Legislative History

Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Section operative January 1, 1996, pursuant to Section 50601 (later repealed).

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California § 50506., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50506..