Federal savings association definition

Federal savings association means a federal savings and loan association or a federal savings bank doing business under authority granted by the office of the comptroller of the currency or the former office of thrift supervision.

Federal savings association means, for purposes of this part, a Federal savings association as that term is defined in 12 U.S.C. 1813(b)(2) and any service corporations thereof.

Federal savings association means a Federal savings association or an oper- ating subsidiary of a Federal savings association.

Examples of Federal savings association in a sentence

• The Bank is a Federal savings association within the meaning of 12 U.S.C.§ 1813(q)(1)(C), and is chartered and examined by the OCC.

• A national bank or Federal savings association must use the column labeled ‘‘Credit (investment-grade reference asset)’’ for a credit derivative whose reference asset is an outstanding unsecured long-term debt security without credit enhancement that is investment grade.

• With regard to any real property loan originated or to be originated by a Federal savings association, as a mat- ter of contract between it and the bor- rower, a Federal savings association continues to have the power to include a due-on-sale clause in its loan instru- ment.

• The waiver and re- lease apply to all loans secured by homes occupied by borrowers made by a Federal savings association after July 31, 1976, and to all loans secured by homes occupied by borrowers made by other lenders after the effective date of this regulation.

• Second, using recent case law, this article analyzes the different methods that courts use to reconcile the competing provisions of FCRA.

More Definitions of Federal savings association

Federal savings association means a savings and loan association organized under federal law.

Federal savings association means, for purposes of this part, a Federal sav- ings association as that term is defined in 12 U.S.C. 1813(b)(2) and any subsidi- aries or service corporations thereof.

Federal savings association means a Federal savings association or a Fed- eral savings bank chartered under sec- tion 5 of the HOLA.

Federal savings association means a federal savings and loan association or a federal savings

Federal savings association means a Federal savings association or a Fed- eral savings bank chartered under sec- tion 5 of the Home Owners’ Loan Act, 12 U.S.C. 1464.

Federal savings association means an existing Federal savings association chartered under section 5 of the Home Owners’ Loan Act (HOLA) (12 U.S.C. 1464 et seq.) or a Federal savings association in organization.* * * * *(h) National bank means an existing national bank, a national bank in organization, or a Federal branch or agency of a foreign bank.* * * * *(n) SEC means the Securities and Exchange Commission. When used in the rules, regulations, or forms of the SEC referred to in this part, the term ‘‘SEC’’ shall be deemed to refer to the OCC.* * * * *§ 16.3 [Amended]■ 44. Section 16.3 is amended by:■ a. In paragraphs (a) introductory text and (b) introductory text, by removing the word ‘‘bank’’ and replacing it with the phrase ‘‘national bank or Federal savings association’’; and■ b. In paragraph (c):■ i. By removing ‘‘Commission Rule’’ and replacing it with ‘‘SEC Rule’’;■ ii. By removing the citation ‘‘section4(3)’’ and replacing it with the citation ‘‘section 4(a)(3)’’; and■ iii. By removing the word ‘‘bank’’ andreplacing it with the phrase ‘‘national bank and Federal savings association’’.§ 16.4 [Amended]■ 45. Section 16.4 is amended by removing the phrase ‘‘Commission Rule’’ and replacing it with the phrase ‘‘SEC Rule’’ wherever it occurs.■ 46. Section 16.5 is amended by:■ a. Revising the introductory text and paragraphs (a), (b), and (e);■ b. In paragraph (f), removing thephrase ‘‘Commission Rule’’ and replacing it with the phrase ‘‘SEC Rule’’; and■ c. In paragraph (g), removing thephrase ‘‘Commission Regulation’’ andreplacing it with the phrase ‘‘SEC Regulation’’.The revisions read as follows.§ 16.5 Exemptions.The registration statement and prospectus requirements of § 16.3 of this part do not apply to an offer or sale of national bank or Federal savings association securities:(a) If the securities are exempt from registration under section 3 of the Securities Act (15 U.S.C. 77c), but only by reason of an exemption other than section 3(a)(2) (exemption for bank securities), section 3(a)(5) (exemption for savings association securities), section 3(a)(11) (exemption for intrastate offerings), and section 3(a)(12) (exemption for bank holding company formation) of the Securities Act.(b) In a transaction exempt from registration under section 4 of the Securities Act (15 U.S.C. 77d). SEC Rules 152 and 152a (17 CFR 230.152 and 230.152a) (which apply to sections 4(a)(2) and 4(a)(1) of the Securities Act) apply to this part;* * * * *(e) In a transaction that satisfies the requirements...

Federal savings association means a federal savings and loan association or a federal savings bank doing business under authority granted by the office of thrift supervision.