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US HB4167
Bill
Status
6/26/2025
Primary Sponsor
Scott Fitzgerald
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AI Summary
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Increases the maximum loan maturity period for federal credit unions from 15 years to 20 years, with authority for the NCUA Board to allow even longer terms by regulation
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Removes the requirement that certain real estate loans be secured by property that is or will be the principal residence of a credit union member
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Amends Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) governing federal credit union lending powers
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Expresses that the NCUA should prioritize safety and soundness as a cornerstone of its oversight of federally chartered credit unions
Legislative Description
Expanding Access to Lending Options Act
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
6/26/2025