### Question
How is the "undercapitalized savings association" defined?


### Answer
The term **undercapitalized savings association** is defined in *12 U.S.C. § 1467a* as follows -

> any savings association—


(A) the assets of which exceed the liabilities of such association

#### Citation:
  - *12 U.S.C. § 1467a*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

