3.0.0 1440 2023-01-11T13:31:04Z 2023-01-11T13:31:04Z Senate S 2015-05-21 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2015-05-21T19:55:29Z Credit Union Residential Loan Parity Act 114 1422 HR 2015-03-18 Referred to the House Committee on Financial Services. Related bill CRS Identical bill CRS 2015-05-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate 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) IntroReferral 2015-05-21 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2016-02-23 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2016-03-01 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2016-09-26 False Finance and Financial Sector Credit and credit markets Housing finance and home ownership Real estate business Finance and Financial Sector 00 2015-05-21 Introduced in Senate 2015-06-10T15:24:07Z 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 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 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 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 A bill 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 Senate IS Short Titles as Introduced Credit Union Residential Loan Parity Act Introduced in Senate 2015-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1440is/xml/BILLS-114s1440is.xml 2015-05-21 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) 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.