Building and Loan Association

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Related to Building and Loan Association: Savings and loan associations

Building and Loan Association

An organization that exists to accumulate a fund, composed of subscriptions and savings of its members, to help facilitate the purchase or construction of real estate by such members by lending them the necessary funds.


Savings and Loan Association.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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