United States · Bill · S
S. 1440 (114th)
Credit Union Residential Loan Parity Act
Introduced
21 May 2015
Last action
21 May 2015 · Introduced
Status
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)
Sponsors
Sen. Wyden, Ron [D-OR], Sen. Warren, Elizabeth [D-MA], Sen. Merkley, Jeff [D-OR], Sen. Markey, Edward J. [D-MA]
Subjects
Discovery layer
Source updated
5 December 2025
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
21 May 2015
Introduced
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)
Source: IntroReferral
21 May 2015
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 21 May 2015 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 21 May 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 May 2015
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Introduced in Senate
summary · EN · 21 May 2015
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Wyden, Ron [D-OR] · D · Sponsor
- Sen. Warren, Elizabeth [D-MA] · D · Cosponsor
- Sen. Merkley, Jeff [D-OR] · D · Cosponsor
- Sen. Markey, Edward J. [D-MA] · D · Cosponsor
- · ssbk00 · Standing
Related records
- related to → Credit Union Residential Loan Parity Act
- related to → Credit Union Residential Loan Parity Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1440
- Open data entity: https://api.congress.gov/v3/bill/114/s/1440
- us · 114-s-1440 · source updated 5 December 2025