{"iri":"https://folio.openlegalstandard.org/R87PmoWmotSgo32gCYT29sw","label":"Savings and Loan Association","sub_class_of":["https://folio.openlegalstandard.org/R9TyJ8yqLicto5rFa8puek4"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R9mh7fC3v6u4exodERd3fmK","https://folio.openlegalstandard.org/RhceZsFaOSAIBa7BX1vpbF"],"comment":null,"deprecated":false,"preferred_label":"S&L","alternative_labels":["Thrift Bank","Thrift Institution"],"translations":{},"hidden_label":null,"definition":"A Savings and Loan Association (S&L) is a financial institution primarily focused on accepting savings deposits and making mortgage loans. S&Ls play a significant role in providing home financing, particularly for residential properties, by offering favorable mortgage terms to depositors.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}