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HomeFinancial CodeDiv. 1.1Ch. 10Art. 1§ 1323 Bank Employee Bribery Prohibition

§ 1323 Bank Employee Bribery Prohibition

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

§ 1323 Bank Employee Bribery Prohibition

This law makes it a crime for bank workers to take money, gifts, or other benefits to help someone get a loan, buy bank paper, or let someone overdraw their account.

Key Takeaways

  • •Bank officers, directors, or employees cannot accept any commission, gift, or payment for helping with loans or overdrafts.
  • •They also cannot receive anything to let a person overdraw an account.
  • •Doing any of these actions is a felony.

Example

A bank manager asks a customer for a $200 cash payment to approve a personal loan for that customer.

The manager is trying to get a benefit for personal advantage in exchange for approving the loan, which is exactly what this statute forbids.

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

Official Source
View on CA.gov

§ 1323 Bank Employee Bribery Prohibition

Any director, officer, or employee of a bank or of a foreign banking corporation who asks for or receives, or consents or agrees to receive, any commission, emolument, or gratuity or any money, property, or thing of value for his own personal benefit or of personal advantage for procuring or endeavoring to procure for any person any loan from such bank, or the purchase or discount of any note, draft, check, bill of exchange, or other obligation by such bank, or for permitting any person to overdraw any account with such bank, is guilty of a felony. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

directorofficeremployeebankforeign banking corporationcommissionemolumentgratuityfelonyloanoverdraw

Related Statutes

  • § 1324 Bank Fraud By Insiders
  • § 1325 Bank Officer False Reports
  • § 1336 Bank Insider Loan Prohibition
  • § 14753 Credit Union Bribery Prohibition
  • § 1879 Corporate Loan Discount Prohibition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1323.
View Official Source