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H.R. 389

Credit Union Residential Loan Parity Act

Credit Union Residential Loan Parity Act

This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.

Referred to the House Committee on Financial Services.

Rep. Royce, Edward R. [R-CA-39](R-CA)Sponsor
55 cosponsors43 D12 R
55cosponsors1committees3actions2related bills3subjects
  1. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Credit Union Residential Loan Parity Act — Informed