LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 7Ch. 6§ 18450 Loan Violation Penalties

§ 18450 Loan Violation Penalties

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18450 Loan Violation Penalties

Key Takeaways

  • •If you work at a loan company and help make a bad loan on purpose, you can get in trouble.
  • •This includes bosses, managers, and regular workers at the company.
  • •Breaking this rule is a small crime, like a ticket but worse.

Example

A bank manager tells an employee to give a loan to a friend who can't pay it back.

The manager and the employee could both get in trouble because they knew the loan was wrong.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 18450 Loan Violation Penalties

A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who concurs in any vote or act by which it is intended to make a loan or purchase a contract in violation of this division, is guilty of a misdemeanor. (Amended by Stats. 1980, Ch. 418, Sec. 11.)

Last verified: January 23, 2026

Key Terms

directorofficeremployeeindustrial loan companyholding companyaffiliatesmisdemeanor

Related Statutes

  • § 18447 False Financial Reporting Penalties
  • § 18451 Prohibited Deposit Loans
  • § 18452 Insolvent Company Certificate Sales
  • § 18436 Loan Restrictions For Insiders
  • § 18442 Loans On Capital Security Prohibited

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18450.
View Official Source