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Code · STATUTE-COMPILATIONS · Home Owners' Loan Act · Sec. 2

Sec. 2. DEFINITIONS

287 words·~1 min read·/statute-compilations/comps-11132/sec-2

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## SEC. 2 DEFINITIONS **[**[12 U.S.C. 1462](/us/usc/t12/s1462)**]** For purposes of this Act— ####
(1)Corporation The term “**Corporation**” means the Federal Deposit Insurance Corporation. ####
(2)Savings association The term “**savings association**” means a savings association, as defined in section 3 of the Federal Deposit Insurance Act, the deposits of which are insured by the Corporation. ####
(3)Federal savings association The term “**Federal savings association**” means a Federal savings association or a Federal savings bank chartered under section 5 of this Act. ####
(4)National bank The term “**national bank**” has the same meaning as in section 3 of the Federal Deposit Insurance Act. ####
(5)Federal banking agencies The term “**Federal banking agencies**” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation. ####
(6)State The term “**State**” has the same meaning as in section 3 of the Federal Deposit Insurance Act. ####
(7)Affiliate The term “**affiliate**” means any person that controls, is controlled by, or is under common control with, a savings association, except as provided in section 10. ####
(8)Board The term “**Board**”, other than in the context of the Board of Directors of the Corporation, means the Board of Governors of the Federal Reserve System. ####
(9)Comptroller The term “**Comptroller**” means the Comptroller of the Currency. ####
(10)Appropriate federal banking agency The term “**appropriate Federal banking agency**” has the same meaning as in section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)). ####
(11)Functionally regulated subsidiary The term “**functionally regulated subsidiary**” has the same meaning as in section 5(c)(5) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(5)).
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