A bill to modify the Qualified Thrift Lender Test, and for other purposes.

Summary

Amends the Home Owner's Loan Act to decrease from 70 percent to 50 percent the percentage of a thrift institution's assets that must be invested in housing-related assets ("qualified thrift lender test"). Makes domestic residential real estate loans qualified thrift investments. (Currently, only loans for domestic residential housing qualify as such investments.) Includes as a "qualified thrift asset" loans held by a savings association that were made to purchase any asset from the Resolution Trust Corporation.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 March 1990

  Open at official source

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