eligible lender
(2) The term “eligible lender” means an eligible institution that became a lender under this subpart prior to September 15, 1992 , an agency or instrumentality of a State, a financial or credit institution (including an insurance company) which is subject to examination and supervision by an agency of the United States or of any State, a pension fund approved by the Secretary for this purpose, or a nonprofit private entity designated by the State, regulated by the State, and approved by the Secretary.