NAICS 926150 Quarterly Industry Report
Regulation, Licensing, and Inspection of Miscellaneous Commercial Sect
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 926150Sector: Public Administration (92)Updated: Q1 2026
About This Report
This industry profile for Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (NAICS 926150) draws on data from the Census Bureau[3], Bureau of Labor Statistics[4], and the SBA[5]. Fair Market Value analysts examine licensing volumes, regulatory enforcement data, and consumer protection trends specific to NAICS 926150. Quarterly updates reflect changes in licensing requirements, regulatory priorities, and consumer complaint patterns.
Industry Definition & Overview
Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (NAICS 926150) encompasses government establishments primarily engaged in the regulation, licensing, and inspection of commercial sectors not covered by specific regulatory codes elsewhere in the classification. This residual category captures banking regulation, insurance oversight, securities supervision at the state level, professional licensing boards, and consumer protection agencies. Occupational licensing for professions ranging from real estate agents to cosmetologists also falls within this code.
Federal financial regulators include the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Consumer Financial Protection Bureau. State-level regulation is equally extensive; every state operates a banking department, insurance commissioner's office, and securities division. The Census Bureau[2] classifies these diverse regulatory functions together when they focus on commercial sectors outside transportation, utilities, and agriculture. Professional licensing boards number in the hundreds across each state, governing occupations from medicine and law to barbering and plumbing.
Regulatory employment includes bank examiners, insurance analysts, securities investigators, licensing administrators, and consumer complaint specialists. The Census Bureau's ASPEP survey[3] captures this employment within broader government workforce data. State regulatory agencies are often self-funded through licensing fees and industry assessments, creating a distinct budget dynamic compared to general-fund agencies. Consumer protection divisions investigate fraud, enforce deceptive practice statutes, and mediate disputes between businesses and consumers across commercial sectors.
What's Included in This Industry
- State banking departments and financial institution regulators
- State insurance commissioners and regulatory offices
- State securities regulation divisions
- Professional and occupational licensing boards
- Consumer protection and fraud investigation offices
- Weights and measures inspection offices
- Alcohol beverage control boards
- Real estate licensing commissions
- Contractor licensing and building trade regulation offices
- Business registration and corporate filing offices
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Public Administration | 92 |
| Subsector | Administration of Economic Programs | 926 |
| Industry Group | Administration of Economic Programs | 9261 |
| NAICS Industry | Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors | 92615 |
| National Industry | Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors | 926150 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 926110 | Administration of General Economic Programs | General economic program offices that coordinate with commercial regulators on business environment issues, licensing reform, and regulatory burden reduction |
| 926130 | Regulation and Administration of Communications, Electric, Gas, and Other Utilities | Utility regulation offices that share regulatory frameworks with commercial sector regulators on consumer protection and rate-setting methodologies |
| 926140 | Regulation of Agricultural Marketing and Commodities | Agricultural marketing regulation offices that use parallel inspection and licensing structures for food retail and commodity distribution oversight |
| 921120 | Legislative Bodies | Legislative bodies that authorize licensing requirements, pass consumer protection statutes, and set regulatory frameworks for commercial sectors |
| 921130 | Public Finance Activities | Public finance offices that manage licensing fee revenues, regulatory assessment collections, and budget allocations for self-funded regulatory agencies |
| 922130 | Legal Counsel and Prosecution | Legal counsel offices that prosecute violations of consumer protection laws and commercial regulations discovered through regulatory inspection activities |
SBA Lending Summary
24
Total SBA Loans
$3.4M
Total Loan Volume
$143K
Average Loan Size
10 yrs
Average Loan Term
10.07%
Average Interest Rate
64
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[1]
Key Insight: The U.S. Small Business Administration[5] does not establish size standards for NAICS 926150 because regulatory agencies are government establishments. Private firms providing consulting, compliance, or IT services to regulatory bodies are classified under their own NAICS codes. Those firms may qualify for SBA programs including the 7(a) loan program[6] and 504 loan program[7] under their industry's size standard.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 8 | $2.0M | $250K |
| 2 | First Service Bank | 8 | $1.1M | $143K |
| 3 | TD Bank, National Association | 8 | $280K | $35K |
Frequently Asked Questions
Common questions about this industry.
What types of agencies are classified under NAICS 926150?
NAICS 926150 covers government agencies regulating commercial sectors not classified elsewhere, including state banking departments, insurance commissions, securities divisions, professional licensing boards, and consumer protection offices. The Census Bureau[2] uses this as a residual code for miscellaneous commercial regulation.
How is commercial regulation organized across government levels?
Federal agencies like the FDIC, OCC, and CFPB regulate at the national level. Every state operates banking, insurance, and securities regulators plus hundreds of professional licensing boards. Local governments may handle business licensing and building trade regulation within their jurisdictions.
Does the SBA set a size standard for NAICS 926150?
No. The SBA[8] does not establish size standards for Sector 92 codes because they cover government entities. Private compliance firms and consultants use their own NAICS codes for SBA eligibility.
What NAICS codes are closely related to 926150?
Related codes include 926110 (Economic Programs), 926130 (Utility Regulation), 926140 (Agricultural Regulation), and 922130 (Legal Counsel and Prosecution). The Census Bureau[9] groups commercial regulation under the economic programs subsector.
What private-sector industries commonly serve commercial regulatory agencies?
Management consultants (NAICS 541611), IT vendors (NAICS 541512), law firms (NAICS 541110), and accounting firms (NAICS 541211) are frequent contractors. Compliance technology companies and financial examination service providers also serve this regulatory market.
What activities are included under NAICS 926150?
Activities include bank examination, insurance market conduct reviews, securities enforcement, professional license issuance, consumer complaint investigation, weights and measures inspection, and business registration processing. Most state regulators are self-funded through licensing fees and industry assessments.
Can businesses serving regulatory agencies qualify for SBA loans?
Where are commercial regulatory offices concentrated?
Federal financial regulators are headquartered in Washington, D.C. Every state capital houses banking, insurance, and securities regulatory offices. Professional licensing boards operate statewide from central offices. Local business licensing offices are distributed across municipalities throughout the country.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [2]Census Bureau census.gov
- [3]Census Bureau's ASPEP survey census.gov
- [4]Bureau of Labor Statistics bls.gov
- [5]SBA sba.gov
- [6]7(a) loan program sba.gov
- [7]504 loan program sba.gov
- [8]SBA sba.gov
- [9]Census Bureau census.gov
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