"Savings Association" Defined

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Sec. 19. (a) As used in this chapter, "savings association" means a savings association (as defined in 12 U.S.C. 1813(3)(b)(1)) the deposits of which are insured by the FDIC.

(b) The term includes:

(1) a federal savings association;

(2) a federal savings bank; and

(3) a savings association organized and operating under the laws of the state in which it is organized.

As added by P.L.122-1994, SEC.101. Amended by P.L.79-1998, SEC.78.


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