service company
Defined in 1 place of the United States Code.
the term “service company” means—
(i) any corporation—
(I) that is organized to perform services authorized by this chapter or, in the case of a corporation owned in part by a State savings association, authorized by applicable State law; and
(II) all of the capital stock of which is owned by 1 or more insured savings associations; and
(ii) any limited liability company—
(I) that is organized to perform services authorized by this chapter or, in the case of a company, 1 of the members of which is a State savings association, authorized by applicable State law; and
(II) all of the members of which are 1 or more insured savings associations;
Source
- 1998–present12 U.S.C. § 1464Banks and Banking · Federal savings associations · for purposes of this section