Possession of Recently Stolen Property is an offense under the criminal law. It is the act of taking or holding onto property that has recently been stolen from another person or persons. It can be charged as either a misdemeanor or a felony, depending on the value of the stolen item. There are two types of Possession of Recently Stolen Property: Actual Possession and Constructive Possession. Actual Possession is when a person has direct physical control of the stolen property. Constructive Possession is when a person has knowledge of the stolen property, but does not have direct physical control of the property. The penalties for Possession of Recently Stolen Property vary from state to state and depend on the value of the stolen property. In some states, a conviction for Possession of Recently Stolen Property can result in jail time, fines, and other court-imposed consequences.