To amend certain provisions of the Home Owners' Loan Act relating to limitations on loans to 1 borrower by savings associations and to provide a transition period for the implementation of such limitations.
Loans to One Borrower Transition Rule Act of 1990 - Amends the Home Owners' Loan Act to establish a transition period during which specified limits apply to total loans and credit extensions offered by savings associations to any one borrower.
Requires the Director of the Office of Thrift Supervision to prescribe regulations to implement this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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