Credit Availability Act of 1992

Credit Availability Act of 1992 - Amends the Home Owners' Loan Act to cite circumstances in which the Director of the Office of Thrift Supervision may grant temporary, limited exceptions to the capitalization requirements for a savings association's investments in, and credit extensions to, any subsidiary engaged in real estate activities.

Restricts such exceptions to investments or credit extensions granted to a savings association's subsidiary as of April 12, 1989, and to subsequent investments and credit extensions granted to complete projects or investments initiated by the subsidiary before that date.

Mandates that the Director require such savings associations to deduct at least 25 percent of the eligible amount from capital.