US HB389 | 2017-2018 | 115th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 43-13)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Credit Union Residential Loan Parity Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-10 | House | Referred to the House Committee on Financial Services. |
| 2017-01-10 | House | Introduced in House |
Same As/Similar To
SB836 (Same As) 2017-04-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Credit and credit markets
Finance and financial sector
Housing finance and home ownership
Real estate business
Finance and financial sector
Housing finance and home ownership
Real estate business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/389/all-info |
| Text | https://www.congress.gov/115/bills/hr389/BILLS-115hr389ih.pdf |
