Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
 
Free Loan Advice and Financial Information  
 
Browse by Letter
   
   
   
   
   
   
   
   
   
   
 

Loan and Mortgage Terms Glossary

Savings And Loan Association:

An association of savers and borrowers formally established to accept deposits and make loans, primarily on residential real estate. An association may be organized as a mutual or a stock association. A mutual association is owned by its depositors and, in some cases, its borrowers. A stock association is owned by its shareholders. A savings and loan association may be chartered by a state or receive a federal charter from the office of thrift supervision. Savings and loan associations are also called s&ls, savings associations, building and loan associations, cooperative banks, or homestead societies.


 
     
 
Contact | Advertising Information | Other Resources

Copyright 2002-2006 DocLoan.com