Federal Savings And Loan Association

Definition of "Federal Savings and Loan Association"

Charter issued by The Office of Thrift Supervision, under the U.S. Department of Treasure, to an institution to act as a savings and loan association. A federally chartered savings and loan association, in contrast to one with a state charter, may have the ability to branch across state lines as well as make certain investments a state chartered thrift institution cannot.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ