Federal Savings And Loan Association

Definition of "Federal Savings and Loan Association"

Chauniece Mouzone real estate agent

Written by

Chauniece Mouzoneelite badge icon

United Real Estate

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Glass containing wire support to make it stronger. There is less chance of glass being broken into pieces and hurting people. ...

The United States has a law named “eminent domain” that grants local, state, or federal government the right to take ownership of a private property with or without the consent ...

Subdivided acreage with utilities usually situated within or adjacent to established communities. ...

A rule that the price of a house should not exceed about 2 to 2.5 times your family's gross annual earnings. Example : If annual gross income is $70,000, the highest price one could afford ...

Value that a speculator believes an investment will reach at some point in the future. ...

Owner of land allowing another to use space under the ground, such as to install a sewer or gas line. ...

Financing of a home based on how much equity the homeowner has in it. The interest rate is typically a variable one. ...

Highest bid to buy and the lowest offer to sell a parcel of real estate in a particular market at a specified time. ...

To obtain the right through authorization to act as a legal representative and agent for another. ...

Popular Real Estate Questions