§ 157.1 What does this part do?
§ 157.10 v2 What authorities govern the issuance of deposit accounts by Federal savings associations?
§ 157.11 To what extent does Federal law preempt deposit-related state laws?
§ 157.14 What interest rate may I pay on accounts?
§ 157.15 Who owns a deposit account?
§ 157.20 What records should I maintain on deposit activities?
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Terms Used In 12 CFR Part 157 - Deposits

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Personal property: All property that is not real property.
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.