A bill to permit the Director of the Office of Thrift Supervision to relax capital requirements applicable to certain savings associations subsidiaries in limited circumstances.
Credit Availability Act of 1992 - Amends the Home Owners' Loan Act to grant certain well capitalized and adequately capitalized savings associations a two-year exemption from meeting the capitalization requirements against their real estate development subsidiaries.
Grants the Director of the Office of Thrift Supervision discretionary authority to deny such exemption to savings associations with specified ratings, or apply it to some which are located in economically distressed communities.
Introduced in Senate
Read twice and referred to the Committee on Banking.
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