### Question
What is the definition of undercapitalized savings association?


### Answer
The definition of **undercapitalized savings association** is as follows in *12 U.S.C. § 1467a*:

> 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**

