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United States · Bill · HR

H.R. 1422 (114th)

Credit Union Residential Loan Parity Act

referredUnited States· United States Congress· EN

Introduced

18 March 2015

Last action

18 March 2015 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Royce, Edward R. [R-CA-39], Rep. Huffman, Jared [D-CA-2], Rep. Ryan, Tim [D-OH-13], Rep. Kind, Ron [D-WI-3], Rep. Stewart, Chris [R-UT-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Young, Don [R-AK-At Large], Rep. Brownley, Julia [D-CA-26], Rep. Garamendi, John [D-CA-8], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Grayson, Alan [D-FL-9], Rep. Heck, Joseph J. [R-NV-3], Rep. DeFazio, Peter A. [D-OR-4], Rep. Blumenauer, Earl [D-OR-3], Rep. Sherman, Brad [D-CA-32], Rep. Herrera Beutler, Jaime [R-WA-3], Rep. Capuano, Michael E. [D-MA-8], Rep. Larsen, Rick [D-WA-2], Rep. Clark, Katherine M. [D-MA-5], Rep. Waters, Maxine [D-CA-43], Rep. Lynch, Stephen F. [D-MA-8], Rep. Moulton, Seth [D-MA-6], Rep. Langevin, James R. [D-RI-2]

Subjects

Discovery layer

Source updated

5 December 2025

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 March 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 18 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 18 March 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 18 March 2015

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  • Introduced in House

    summary · EN · 18 March 2015

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Sponsors

Related records

Sources

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