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This entry was published on 2014-09-22
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SECTION 4-B
Advertising
Banking (BNK) CHAPTER 2, ARTICLE 1
§ 4-b. Advertising. Every such non-insured banking organization shall
include in all its advertising within the state with reference to
deposit accounts the statement substantially as follows: "DEPOSITS NOT
INSURED". Where such advertising is printed the statement shall be of
such size and print to be clearly legible, all letters in such statement
being of the same size and character. No further reference shall be
contained in the advertising of non-insured banking organizations with
reference to the insurance of depositors which shall tend to be
misleading in connection therewith. The non-English equivalent of the
insurance statement may be used in any advertisement provided that the
entire advertisement is in such language and that the translation has
had the prior approval of the superintendent of financial services.