Of the area 1 of the Work off September 21, 1950 (Pub
(I) a discount connection described in such subparagraph doesn’t have its office at home on the Condition of your lender holding company financial part, and you may
(II) such association cannot qualify due to the fact a residential building and you can loan connection significantly less than part 7701(a)(19) of your Inner Cash Password of 1986, otherwise will not meet with the resource composition test imposed from the subparagraph (C) of these section towards institutions looking to therefore to help you meet the requirements, such as for example coupons connection are subject to the fresh requirements upon which a bank can get hold, work, and expose twigs throughout the State where in fact the savings organization is positioned. Read more
