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A bill to amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.

USA115th CongressS-836| Senate 
| Updated: 4/5/2017
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (10)
Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Sheldon Whitehouse (Democratic)Tammy Baldwin (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Lisa Murkowski (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 10, 2017

Latest Companion Bill Action

HR 115-389
Introduced in House
Apr 5, 2017
Introduced in Senate
Apr 5, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)
  • January 10, 2017

    Latest Companion Bill Action

    HR 115-389
    Introduced in House


  • April 5, 2017
    Introduced in Senate


  • April 5, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)

Finance and Financial Sector

Related Bills

  • HR 115-389: To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
Credit and credit marketsHousing finance and home ownershipReal estate business

A bill to amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.

USA115th CongressS-836| Senate 
| Updated: 4/5/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 10, 2017

Latest Companion Bill Action

HR 115-389
Introduced in House
Apr 5, 2017
Introduced in Senate
Apr 5, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)
  • January 10, 2017

    Latest Companion Bill Action

    HR 115-389
    Introduced in House


  • April 5, 2017
    Introduced in Senate


  • April 5, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (10)
Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Sheldon Whitehouse (Democratic)Tammy Baldwin (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Lisa Murkowski (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-389: To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Credit and credit marketsHousing finance and home ownershipReal estate business