118th Congress · HOUSE BILLBILL

H.R. 6933Expanding Access to Lending Options Act

To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

Finance and financial sector
Introduced Jan 10, 2024
Last action Jan 11, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jan 10, 2024
Step 2
Referred
Jan 10, 2024
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in House
Timeline · 3 actions
Jan 11, 2024
Sponsor introductory remarks on measure.
Jan 10, 2024
Introduced in House
Jan 10, 2024
Referred to the House Committee on Financial Services.