Financial Definition of Savings And Loan Association
Meaning of Savings And Loan Association
National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.
Related Entries of Savings And Loan Association in the Encyclopedia of Law Project
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Savings And Loan Association in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Savings And Loan Association in the Legal Abbreviations and Acronyms Dictionary.
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What is Savings And Loan Association?
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Concept of Savings And Loan Association in the context of Real Property
A short definition of Savings And Loan Association: Originally an association chartered to hold savings and make real estate loans. Federally insured and regulated. Active in long term financing rather than construction loans. Recent changes in federal controls have enabled these associations to offer checking accounts, consumer loans, and other services traditionally offered by banks.
Concept of Savings And Loan Association in the context of Real Property
A short definition of Savings And Loan Association: Originally an association chartered to hold savings and make real estate loans. Federally insured and regulated. Active in long term financing rather than construction loans. Recent changes in federal controls have enabled these associations to offer checking accounts, consumer loans, and other services traditionally offered by banks.
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