3.0.0 4226 2023-01-11T13:26:50Z 2023-01-11T13:26:50Z House H HR 2014-03-13 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROYCE:H.R. 4226.Congress has the power to enact this legislation pursuantto the following:Under Article I, Section 8, Clause 3 of the U.S.Constitution to regulate commerce.[Page H2433]]]> hsba00 Financial Services Committee House Standing Referred to 2014-03-13T14:01:25Z 2014-03-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-03-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-03-13 Introduced in House IntroReferral 1000 9 Library of Congress R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 N H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2014-03-13 True P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2014-04-03 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2014-04-28 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2014-11-17 False Housing and Community Development Credit and credit markets Housing finance and home ownership Real estate business Housing and Community Development 00 2014-03-13 Introduced in House 2014-04-25T21:06:07Z 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 the primary residence of a member.

Removes the condition that the dwelling be a member's primary residence. (Thus denies eligibility for a member business loan to any requested extension of credit that would be fully secured by a lien on a 1- to 4-family dwelling, regardless of whether it is or is not the member's primary residence.)

Declares that this Act does not preclude the National Credit Union Administration (NCUA) from treating an extension of credit fully secured by a lien on a 1- to 4-family dwelling that is not a member's primary residence as a member business loan for purposes other than certain member business loan limitation requirements under the Act.

]]> Credit Union Residential Loan Parity Act Display Title Credit Union Residential Loan Parity Act Official Title as Introduced To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes. Introduced in House IH Short Titles as Introduced Credit Union Residential Loan Parity Act Introduced in House 2014-03-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4226ih/xml/BILLS-113hr4226ih.xml 2014-03-13 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.