California · Financial Code

FIN §1367: Any bank that makes an extension of credit in violation of this article is subject to a civil penalty pursuant to Section 329.

Felony

What this law says, in plain English

A person who knowingly makes or procures an illegal extension of credit is guilty of a felony. Banks face civil penalties for the same violation.

Read the full statutory text

Any bank that makes an extension of credit in violation of this article is subject to a civil penalty pursuant to Section 329. Any person, other than the bank making the extension of credit, who knowingly makes or procures an extension of credit in violation of this article is guilty of a felony.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.