Savings and loan definition

Savings and loan means a corporation authorized to operate under chapter 534 or the federal Home Owner’s Loan Act of 1933, 12 U.S.C. § 1461 et seq., and includes a savings and loan association, a savings bank, or any branch of a savings and loan association or savings bank.
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Examples of Savings and loan in a sentence

  • Bank deposit insurance, Banks, Banking, Reporting and recordkeeping requirements, Savings and loan associations, Trusts and trustees.

  • Savings and loan transactions at conventional financial institutions are, in fact, one of the options that prospective customers can choose to borrow some funds to increase or improve their business.

  • Indefinite NTE appointments are competitive and filled consistent with Article VII of this Agreement.

  • Savings and loan associations assets decreased substantially from 1989 to 1995, and the number of associations decreased from a high of 180 to under 120 due to consolidation and liquidation.

  • By initiating inquiries and/or fund transfers through the Service, or by permitting another to use the Service on your behalf, you acknowledge receipt of the Agreement and Disclosure and agree to be bound by all terms and conditions contained herein, and all applicable terms and conditions in our other agreements with you governing your Checking, Savings, and loan accounts accessible in connection with the Service.

  • Savings and loan facilities alone were also not sufficiently attractive without a start-up kit as was the case at the outset.