Skip to content

Application of NAICS Codes on Internal GL

Answered by: 

I have a question regarding application of NAICS codes on our bank's internal GL. I understand that NAICS codes apply to businesses and not individuals unless they are a sole proprietorship. If the individual is a real estate investor purchasing 1-4 SFR for investment/lease, does the NAICS code #531110 apply? If so, does it apply if real estate investing is their secondary occupation?

I am sorry, but what does an internal G/L account have to do with a customer?

First published on 12/29/2019

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics