§ 1531 Industrial Bank Inclusion

• •State rules about banks automatically cover industrial banks.
• •The rule does not apply if the law explicitly says it doesn't.
• •It also does not apply to rules in Division 1.6 or this division.

A state rule that says 'banks must report suspicious transactions' also applies to industrial banks that offer similar financial services.

Because the rule talks about 'banks', the law treats industrial banks the same way, so they must also report suspicious transactions unless the rule specifically excludes them.