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
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR H67-68)
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR H67-68)
Finance and Financial Sector
Expanding Access to Lending Options Act
USA118th CongressHR-6933| House
| Updated: 1/11/2024
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.