EXEMPTION FROM REQUIREMENTS APPLICABLE TO SAVINGS ASSOCIATIONS FOR CERTAIN SAVINGS INSTITUTIONS SERVING MILITARY PERSONNEL.

SEC. 1077. EXEMPTION FROM REQUIREMENTS APPLICABLE TO SAVINGS ASSOCIATIONS FOR CERTAIN SAVINGS INSTITUTIONS SERVING MILITARY PERSONNEL. Section 10(m)(3)(F) of the Home Owners’ Loan Act (12 U.S.C. 1467a(m)(3)(F)) is amended— (1) in the subparagraph caption, by striking out “association serving transient” and inserting in lieu thereof “associations serving certain”; (2) by striking out “company if—” and all that follows through “90 percent” and inserting in lieu thereof “company if at least 90 percent”; and (3) by striking out “officers” both places it appears and inserting in lieu thereof “members”.