§ 1462. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1462]
TITLE 12--BANKS AND BANKING
CHAPTER 12--SAVINGS ASSOCIATIONS
Sec. 1462. Definitions
For purposes of this chapter--
(1) Director
The term ``Director'' means the Director of the Office of Thrift
Supervision.
(2) Corporation
The term ``Corporation'' means the Federal Deposit Insurance
Corporation.
(3) Office
The term ``Office'' means the Office of Thrift Supervision.
(4) Savings association
The term ``savings association'' means a savings association, as
defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C.
1813], the deposits of which are insured by the Corporation.
(5) Federal savings association
The term ``Federal savings association'' means a Federal savings
association or a Federal savings bank chartered under section 1464
of this title.
(6) National bank
The term ``national bank'' has the same meaning as in section 3
of the Federal Deposit Insurance Act [12 U.S.C. 1813].
(7) Federal banking agencies
The term ``Federal banking agencies'' means the Office of the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, and the Federal Deposit Insurance Corporation.
(8) State
The term ``State'' has the same meaning as in section 3 of the
Federal Deposit Insurance Act [12 U.S.C. 1813].
(9) Affiliate
The term ``affiliate'' means any person that controls, is
controlled by, or is under common control with, a savings
association, except as provided in section 1467a of this title.
(June 13, 1933, ch. 64, Sec. 2, 48 Stat. 128; June 27, 1934, ch. 847,
title V, Sec. 508(a), 48 Stat. 1264; May 28, 1935, ch. 150, Sec. 10, 49
Stat. 296; 1947 Reorg. Plan No. 3, eff. July 27, 1947, 12 F.R. 4981, 61
Stat. 954; Aug. 11, 1955, ch. 783, title I, Sec. 109(a)(3), 69 Stat.
640; Pub. L. 95-630, title XII, Sec. 1201, Nov. 10, 1978, 92 Stat. 3710;
Pub. L. 97-320, title I, Sec. 114(a), Oct. 15, 1982, 96 Stat. 1475; Pub.
L. 101-73, title III, Sec. 301, Aug. 9, 1989, 103 Stat. 277.)
Amendments
1989--Pub. L. 101-73 amended section generally, substituting
definition of ``Director'', ``Corporation'', ``Office'', ``savings
association'', ``Federal savings association'', ``national bank'',
``Federal banking agencies'', ``State'', and ``affiliate'', designated
as pars. (1) to (9), for definition of ``Board'', ``Corporation'',
``home mortgage'', ``first mortgage'', and ``association'', designated
as subsecs. (a) to (d).
1982--Subsec. (d). Pub. L. 97-320 substituted reference to Federal
savings bank or Federal savings banks for reference to Federal mutual
savings bank wherever appearing.
1978--Subsec. (d). Pub. L. 95-630 included a Federal mutual savings
bank chartered by the Board within definition of ``association'', and
inserted provisions that a reference to a Federal savings and loan
association shall be deemed also a reference to a Federal mutual savings
bank.
1935--Subsec. (c). Act May 28, 1935, inserted ``or dwellings'' and
``in whole or in part'' in cl. (2).
1934--Subsec. (c). Act June 27, 1934, substituted ``(1) under a
lease for not less than ninety-nine years which is renewable, or (2)
under a lease having a period of not less than fifty years to run from
the date the mortgage was executed'' for ``under a lease renewable for
not less than ninety nine years''.
Change of Name
``Home Loan Bank Board'' changed to ``Federal Home Loan Bank Board''
by act Aug. 11, 1955, ch. 783, Sec. 109(a)(3), which was classified to
section 1437(b) of this title prior to the repeal of section 1437 by
Pub. L. 101-73, title VII, Sec. 703(a), Aug. 9, 1989, 103 Stat. 415.
Effective Date of 1978 Amendment
Amendment effective upon expiration of 120 days after Nov. 10, 1978,
see section 2101 of Pub. L. 95-630 set out as an Effective Date note
under section 375b of this title.
Transfer of Functions
Reorg. Plan No. 3 of 1947, set out in the Appendix to Title 5,
Government Organization and Employees, abolished Federal Home Loan Bank
Board and transferred its functions to Home Loan Bank Board created by
the Plan.
