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- S.1440
S.1440: Credit Union Residential Loan Parity Act
About This Bill
- Introduced May 21, 2015
- Latest Major Action May 21, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Credit Union Residential Loan Parity Act Amends the Federal Credit Union Act to revise the definition of "member business loan," which currently excludes an extension of credit fully secured by a lien on a 1- to 4-family dwelling that is a member's primary residence. Removes the condition that the dwelling be a member's primary residence, and so denying eligibility for a member business loan to any requested extension of credit that would be...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 21, 2015 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3243; text of measure as introduced: CR S3243)
|
| May 21, 2015 |
Introduced in the Senate by Ron Wyden (D-Ore.) |