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Banking and Finance Law

The University of Akron

Savings and loan

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Full-Text Articles in Law

Legislative Developments In The Savings And Loan Industry, Paul D. Drobbin, Jeffrey S. Goldman, Ronald Lee, Stephen R. Lindsey Aug 2015

Legislative Developments In The Savings And Loan Industry, Paul D. Drobbin, Jeffrey S. Goldman, Ronald Lee, Stephen R. Lindsey

Akron Law Review

This issue of the Akron Law Review is the first to be devoted entirely to legal questions relating to the savings and loan industry. The. following student project consists of three articles which contain in depth examinations of recent legislative developments and their effects on the savings and loan industry.


Ohio Usury Laws And The Real Estate Mortgage Lending Market - A Savings Association Viewpoint, Roger A. Yurchuck, James M. Ball Jul 2015

Ohio Usury Laws And The Real Estate Mortgage Lending Market - A Savings Association Viewpoint, Roger A. Yurchuck, James M. Ball

Akron Law Review

Although the concept of usury was unknown at common law, it is of ancient statutory origin. Irrespective of its economic utility to society, usury has become firmly entrenched as an accepted fact of economic life. The concept of usury is easily understandable and lends itself to simple definition. It is, in essence, a prohibition against the taking of an amount for the use of money which is greater than that permitted by law. While the concept itself is simple to grasp, methods of implementing that concept have varied widely from jurisdiction to jurisdiction. Moreover, within many jurisdictions, including Ohio, legislative …


Savings And Loan Insolvency In The 80'S Jul 2015

Savings And Loan Insolvency In The 80'S

Akron Law Review

This project is divided into five parts. Part I examines the federal statutory scheme for the supervision of federally-chartered savings and loans. The provisions of 12 U.S.C. § 1464 are examined closely to determine the extent of the power of the Federal Home Loan Bank Board to appoint a receiver. The due process implications of this process are examined in light of the United States Supreme Court's opinion in Fahey v. Mallonee. Finally, the question of the scope of judicial review of the Board's decision is examined. Whether the association is entitled to a review de novo is a question …


I.R.C. §(A)(3)(D): Reorganizing An Insolvent Savings And Loan Association, Brenda D. Crocker, Michael L. Unti Jul 2015

I.R.C. §(A)(3)(D): Reorganizing An Insolvent Savings And Loan Association, Brenda D. Crocker, Michael L. Unti

Akron Law Review

Whether or not the new reorganization provision, section 368(a)(3) (D), succeeds in inducing the acquisition of insolvent savings and loan associations, it is likely to be viewed as a creative attempt at a solution. To best illustrate the novelty of Congress's approach, the ensuing sections begin with an explanation of federal tax law as it has evolved in the context of insolvency reorganizations.


Savings And Loan Associations - Mutual To Stock Conversions Under The Revised Regulations, Peter B. Saba, Robert B. Robbins Jul 2015

Savings And Loan Associations - Mutual To Stock Conversions Under The Revised Regulations, Peter B. Saba, Robert B. Robbins

Akron Law Review

The new rules provide for four types of conversions: (1) standard conversions; (2) sale-of-control conversions; (3) voluntary supervisory conversions; and (4) modified conversions. In a standard conversion, association members receive, without payment, nontransferable subscription rights to purchase shares on a preemptive basis according to the categories of eligibility and in amounts set in the regulations. Any shares of the converting institution not sold to persons with subscription rights must be sold in an underwritten public offering or in a direct community offering. A sale-of-control conversion allows association members to vote to sell a controlling stock interest in the institution to …