Part 238 - Reg LL - Savings and Loan Holding Companies
Fulfill Your Reg LL Regulation Requirements
Regulation LL and the Home Owners' Loan Act, a savings and loan holding company (SLHC) includes any company that directly or indirectly controls either a savings association or any other company that is an SLHC. The principal purposes of Regulation LL are to:
- Regulate the acquisition of control of savings associations by companies and individuals;
- Define and regulate the activities in which savings and loan holding companies may engage;
- Set forth the procedures for securing approval for these transactions and activities; and
- Set forth the procedures under which directors and executive officers may be appointed or employed by savings and loan holding companies in certain circumstances.