12 U.S.C. § 5622 - U.S. Code - Unannotated Title 12. Banks and Banking § 5622. Definitions

(1)Account

The term “account” means an agreement between an individual and an eligible entity under which the individual obtains from or through the entity 1 or more banking products and services, and includes a deposit account, a savings account (including a money market savings account), an account for a closed-end loan, and other products or services, as the Secretary deems appropriate.

(2)Community development financial institution

The term “community development financial institution” has the same meaning as in section 4702(5) of this title.

(3)Eligible entity

The term “eligible entity” means--

(4)Federally insured depository institution

The term “federally insured depository institution” means any insured depository institution (as that term is defined in section 1813 of this title) and any insured credit union (as that term is defined in section 1752 of this title).