Summary: H.R.389 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.389. Bill summaries are authored by CRS.

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Introduced in House (01/10/2017)

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.