Sec. 6. Definitions
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In this Act: The term Federal banking agency has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ). The term Federal financial institutions regulatory agencies has the meaning given the term in section 1003 of the Federal Financial Institutions Examination Council Act of 1978 ( 12 U.S.C. 3302 ). The term regulated institution means— with respect to a Federal banking agency, a depository institution (as such term is defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )) for which the Federal banking agency is the appropriate Federal banking agency (as such term is defined in such section 3); and with respect to the National Credit Union Administration, an insured credit union (as such term is defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 )).
The term State means each of the several States, the District of Colombia, and each territory of the United States. The term State regulator means— with respect to a Federal banking agency, a State banking regulator; and with respect to the National Credit Union Administration, the State regulatory agency having jurisdiction over a State credit union (as such term is defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 )). For purposes of this Act, the process of applying to become a de novo regulated institution shall include the process of applying for Federal deposit insurance, Federal share insurance, or membership of a Federal reserve bank.
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