§ 1530 Industrial Bank Licensing Rules

Financial Code·California

AI SummaryVerified

This statute restates and simplifies the rules that license, regulate, and insure deposits at industrial banks, gathering them into one clear chapter.

Key Takeaways

•Chapter 15 gathers old rules into one place.
•It covers licensing and deposit insurance for industrial banks.
•The rules are simplified and continue without major changes.

Example

A small business owner puts money in an industrial bank and wants to know how the bank is supervised.

The law says the old rules are now combined in Chapter 15, so the same supervision applies but it's easier to understand.

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

Official Source

View on CA.gov

§ 1530 Industrial Bank Licensing Rules

Chapter 15 (commencing with Section 1530) is a restatement of Division 7 (commencing with Section 18000) as that division pertains to the licensing and regulation of industrial banks and to the insurance of deposits of industrial banks. Chapter 15 is a continuation, simplification, and recodification of the licensing and regulation of deposit-taking industrial banks. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

industrial banks licensing and regulation deposit insurance deposit-taking industrial banks

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1530.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References