Legis Daily

Expanding Access to Lending Options Act

USA117th CongressS-762| Senate 
| Updated: 3/16/2021
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (3)
Catherine Cortez Masto (Democratic)Alex Padilla (Democratic)Gary C. Peters (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Expanding Access to Lending Options Act This bill allows the National Credit Union Administration Board to increase the federal credit union loan maturity cap from 15 to 20 years. It also removes as a requirement for a mortgage from a credit union that a property must be a credit union member's principal residence.
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Timeline

Bill from Previous Congress

S 116-3389
Expanding Access to Lending Options Act
Mar 16, 2021
Introduced in Senate
Mar 16, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-3389
    Expanding Access to Lending Options Act


  • March 16, 2021
    Introduced in Senate


  • March 16, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Banking and financial institutions regulationCredit and credit marketsHousing finance and home ownership

Expanding Access to Lending Options Act

USA117th CongressS-762| Senate 
| Updated: 3/16/2021
Expanding Access to Lending Options Act This bill allows the National Credit Union Administration Board to increase the federal credit union loan maturity cap from 15 to 20 years. It also removes as a requirement for a mortgage from a credit union that a property must be a credit union member's principal residence.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-3389
Expanding Access to Lending Options Act
Mar 16, 2021
Introduced in Senate
Mar 16, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-3389
    Expanding Access to Lending Options Act


  • March 16, 2021
    Introduced in Senate


  • March 16, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (3)
Catherine Cortez Masto (Democratic)Alex Padilla (Democratic)Gary C. Peters (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationCredit and credit marketsHousing finance and home ownership