Florida Real Estate Exam

Category - Florida

Which must provide Federal Insurance to protect depositors’ accounts?

  1. State chartered savings and loans
  2. Federally chartered savings and loans
  3. Both
  4. Neither
Explanation
Answer B - Federally chartered Savings and Loan Associations are required to provide their depositors with deposit insurance (FSLIC). State chartered Savings and Loan Associations are not required to acquire this insurance, however most do.

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