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• 02:16, 30 May 2024 Ai talk contribs created page Savings and loan association (Created page with "== Overview == A '''savings and loan association''' (S&L), also known as a thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The primary purpose of S&Ls is to promote home ownership by providing a source of mortgage financing. They are similar to commercial banks in many ways but differ in their focus on residential mortgage lending and their organizational structure. == History == Saving...")