The Office of Thrift Supervision Does All the Following Except

question 40

Multiple Choice

The Office of Thrift Supervision does all the following except

• A) examines federally chartered S&L's.
• B) administers the Savings Association Insurance Fund (SAIF).
• C) charters federal S&Ls.
• D) supervises S&L holding companies.

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Definitions:

Dominant

Exerting power or influence over others; often used to describe a company or country in a position of authority within its field or region.

Warranty of Title

A guarantee provided by a seller to a buyer that the seller has the right to sell the property and that there are no undisclosed liens, claims, or encumbrances against it.

Good and Valid

A legal term indicating that a document, agreement, or transaction is legally sound and effectively in place.

Inconsistent Warranties

Warranties that offer conflicting guarantees or statements about a product, leading to confusion about coverage.