Credit Union Residential Loan Parity Act

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 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.

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

Timeline

1. 13 March 2014

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 13 March 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 March 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 March 2014 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 March 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 March 2014

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 13 March 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
• Rep. Huffman, Jared [D-CA-2] · D · Sponsor
• Rep. Poe, Ted [R-TX-2] · R · Cosponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Cosponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• · hsba00 · Standing

Related records

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