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S. 762 117th Congress Senate

Expanding Access to Lending Options Act

Official title: A bill to provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

Introduced: March 16, 2021 Introduced by: Tim Scott Republican · South Carolina See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCredit and credit marketsHousing finance and home ownership
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 16, 2021
Introduced in Senate
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 Latest action March 16, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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 text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Peters, Gary C.
Michigan · Jun 21, 2022
 D
Padilla, Alex
California · Apr 27, 2021
 D
Cortez Masto, Catherine
Nevada · Mar 16, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 762: Expanding Access to Lending Options Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-762/
MLA
"S. 762: Expanding Access to Lending Options Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-762/.
Bluebook (legal)
S. 762, 117th Cong. (2026), https://openamerica.io/bill/117-S-762/.
Markdown link
[S. 762: Expanding Access to Lending Options Act](https://openamerica.io/bill/117-S-762/)
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