Section 50509 Of Chapter 7. Prohibited Practices And Penalties From California Financial Code >> Division 20. >> Chapter 7.
50509
. Any officer, director, partner, trustee, or employee of any
entity who abstracts or misapplies any of the money, funds, or
property of a licensee, or misapplies its credit, or abstracts or
misapplies money, funds, trust obligations, or property deposited
with a licensee, violates this division. If a violation results in a
criminal conviction, the court shall, in addition to any other
punishment imposed, order the person to make full restitution to the
licensee. Nothing in this section shall be deemed or construed to
repeal, amend, or impair any existing provision of law prescribing a
punishment for such an offense.