SENATE 762117th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Expanding Access to Lending Options Act

Last Action: 3/16/2021

Actions

2021-03-16Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2021-03-16Introduced in Senate

CRS Summary

As of 2021-03-16 (00)

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.

Cosponsors (3)

Catherine Cortez Masto (D-NV)
Alex Padilla (D-CA)
Gary Peters (D-MI)

Subjects

Banking and financial institutions regulation
Credit and credit markets
Housing finance and home ownership

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