California Penal Code

§ 641.4

PEN § 641.4 Effective Jan 1, 1998Title 15 · Part 1 · Ch. 2

Statute text

(a)An employee of a title insurer, underwritten title company, or controlled escrow company who corruptly violates Section 12404 of the Insurance Code by paying, directly or indirectly, a commission, compensation, or other consideration to a licensee, as defined in Section 10011 of the Business and Professions Code, or a licensee who corruptly violates Section 10177.4 of the Business and Professions Code by receiving from an employee of a title insurer, underwritten title company, or controlled escrow company a commission, compensation, or other consideration, as an inducement for the placement or referral of title business, is guilty of commercial bribery.

(b)For purposes of this section, commercial bribery is punishable by imprisonment in a county jail for not more than one year, or by a fine of ten thousand dollars ($10,000) for each unlawful transaction, or by both a fine and imprisonment.

(c)For purposes of this section, “title business” has the same meaning as that used in Section 12404 of the Insurance Code.

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Legislative history

Added by Stats. 1997, Ch. 718, Sec. 3. Effective January 1, 1998.