S 762
117th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Credit and credit markets
Housing finance and home ownership
Expanding Access to Lending Options Act
Introduced: March 16, 2021
Introduced by:
Scott, Tim
Republican
· South Carolina
See on congress.gov
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1