Savings Association Interstate Branching Act of 1992

Summary

Savings Association Interstate Branching Act of 1992 - Amends the Home Owners' Loan Act to preclude a Federal savings association from establishing or operating a new branch outside its home State unless it has the written approval of the Director of the Office of Thrift Supervision. Restricts the Director's authority to approve interstate branching by a Federal savings association to situations where: (1) the law of the host State allows interstate branching for its State-chartered thrifts; (2) the interstate branch is operated pursuant to the laws of the host State; and (3) the Federal savings association is adequately capitalized under Federal law.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 March 1992

  Open at official source

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