A bill to provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.
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.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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