thaniasandoval20822 thaniasandoval20822

09-11-2019
Business

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Saving and loans associations are not subject to federal regulations

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ranichoubey506 ranichoubey506

13-11-2019

ANSWER: The answer is false.

Explanation: Under (12)US code 1464 of Federal Regulations, saving and loan are regulated. These savings are not regulated by heavy banks but they are still subject to federal regulations. They are also known as S&L's. The regulation is applied to those S&L's industry which come out of the Savings and Loan's Crisis of the 1980.

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