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HomeFinancial CodeDiv. 20Ch. 7§ 50501 Civil Penalties For Violations

§ 50501 Civil Penalties For Violations

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

§ 50501 Civil Penalties For Violations

Key Takeaways

  • •If you break the rules in this part of the law, you might have to pay up to $2,500 for each mistake.
  • •The government can take you to court to make you pay this money.
  • •They can use other punishments too, not just this money fine.

Example

A store owner doesn't follow safety rules and keeps selling expired food.

The owner could be fined up to $2,500 for each time they sold bad food. The government can sue them to get the money, and they might also get other punishments.

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

Official Source
View on CA.gov

§ 50501 Civil Penalties For Violations

(a) Any person who violates a provision of this division, or any rule or order under this division, shall be liable for a civil penalty not to exceed two thousand five hundred dollars ($2,500) for each violation. This penalty shall be assessed and recovered in a civil action brought in the name of the people of the State of California by the commissioner in any court of competent jurisdiction. (b) As applied to the penalties for acts in violation of this division, the remedies provided by this section and by other sections of this division are not exclusive, and may be sought and employed in any combination to enforce the provisions of this division. (Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Section operative January 1, 1996, pursuant to Section 50601 (later repealed).)

Last verified: January 23, 2026

Key Terms

enforcementcommissionpenaltyfineviolationjurisdictioncombination

Related Statutes

  • § 28172 Civil Penalty Enforcement
  • § 50513 Mortgage Originator License Enforcement
  • § 50501.5 Licensee Violation Citations
  • § 50510 Civil Penalty Double Jeopardy Protection
  • § 8156 Annual Audit Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 50501.
View Official Source