§ 18446 Fraudulent Property Handling Penalty

Financial Code·California

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Key Takeaways

•If you work at a loan company and take money or stuff that isn't yours, you're breaking the law.
•You can't hide or lie about where the company's money or property went in the records.
•If you do this on purpose to trick people, it's a serious crime.

Example

A manager at a loan company takes $1,000 from the company's safe and doesn't write it down in the books.

This is breaking the law because the manager took money that wasn't theirs and didn't record it to hide what they did.

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

Official Source

View on CA.gov

§ 18446 Fraudulent Property Handling Penalty

Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who knowingly receives or possesses himself of any of its property otherwise than in payment of a just demand, or with intent to defraud, omits to make or causes to be made a full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, is guilty of a felony. (Amended by Stats. 1980, Ch. 418, Sec. 8.)

Last verified: January 23, 2026

Key Terms

industrial loan company holding company affiliates felony intent to defraud

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18446.

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Key Takeaways

Example

Key Terms

Related Statutes

References