# Savings and Loan Association

**IRI:** https://folio.openlegalstandard.org/R87PmoWmotSgo32gCYT29sw

## Labels

**Preferred Label:** S&L

**Alternative Labels:**

- Thrift Bank
- Thrift Institution

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9TyJ8yqLicto5rFa8puek4

## See Also

- https://folio.openlegalstandard.org/R9mh7fC3v6u4exodERd3fmK
- https://folio.openlegalstandard.org/RhceZsFaOSAIBa7BX1vpbF

**Deprecated:** False