Credit Union Residential Loan Parity Act
Official title: To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
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Referred to the House Committee on Financial Services.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 389: Credit Union Residential Loan Parity Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-389/
"H.R. 389: Credit Union Residential Loan Parity Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-389/.
H.R. 389, 115th Cong. (2026), https://openamerica.io/bill/115-HR-389/.
[H.R. 389: Credit Union Residential Loan Parity Act](https://openamerica.io/bill/115-HR-389/)