undercapitalized savings association
Defined in 1 place of the United States Code.
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.
Source
- 1994–present12 U.S.C. § 1467ABanks and Banking · Regulation of holding companies · for purposes of this section