Credit Union Residential Loan Parity Act

2017-04-05

Introduced in Senate

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.

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