H.R. 389 · 115th Congress
Credit Union Residential Loan Parity Act
- Stage
- In committee
- Sponsor
- Ed Royce
- Introduced
- 2017-01-10
- Latest action
- 2017-01-10 · Introduced in House
Summary
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.