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Office of Thrift Supervision
(OTC)
The Office of Thrift Supervision
(OTC) was formed to charter
federal thrifts, serve as
the primary federal examiner
and regulator of federal and
state-chartered savings associations
(formally insured by the FSLIC),
and administer laws governing
savings and loan holding companies.
See FIRREA.
Origination
Fee
A fee paid to a lender for
processing a loan application;
it is stated as a percentage
of the mortgage amount, or
points.
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