12 C.F.R. § 543.7 Limitations on transaction of business.
Title 12 - Banks and Banking
No person may organize a Federal savings association, collect money from others for such purpose, or represent himself or herself as authorized to do so, and no Federal savings association shall transact any business prior to completion of its organization, except as provided in this part.
Title 12: Banks and Banking
PART 543—FEDERAL MUTUAL SAVINGS ASSOCIATIONS—INCORPORATION, ORGANIZATION, AND CONVERSION
Organization
§ 543.7 Limitations on transaction of business.