A bill to require any conservator of a Federal association and the Federal Savings and Loan Insurance Corporation, in such Corporation's capacity as conservator, receiver, or custodian of any insured institution, to provide notice to any depositor in such institution whose deposits exceed the insured amount that such depositor has uninsured deposits.

Summary

Amends the Home Owners' Loan Act of 1933 to require any conservator appointed for a federally insured savings and loan association by the Federal Home Loan Bank Board to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits. Amends the National Housing Act to require the Federal Savings and Loan Insurance Corporation, when appointed as the conservator, receiver, or custodian of an association, to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits.

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1 official file

• Introduced in House

  summary · EN · 6 October 1988

  Open at official source

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