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undercapitalized savings association

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1467A — for purposes of this section (8 versions over time)

For purposes of this subsection, the term “undercapitalized savings association” means any savings association—

(A) the assets of which exceed the liabilities of such association; and

(B) which does not comply with one or more of the capital standards in effect under section 1464(t) of this title.