Expanding Access to Lending Options Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
President
Introduced Mar 16, 2021
Last action Mar 16, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 16, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 16, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tim Scott
RRepublican
Co
Alex Padilla
DDemocratic
Co
Catherine Cortez Masto
DDemocratic
Co
Gary C. Peters
DDemocratic
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