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

Bill: 116-hr-1661
Sponsor: full_name: Rep. Zeldin, Lee M. [R-NY-1]
Introduced: 2019-03-08
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Banking and financial institutions regulation

National Credit Union Administration
Latest action: action_date: 2019-03-08
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2019-03-08
action_desc: Introduced in House
text: <p>This bill allows the National Credit Union Administration to lengthen the maturity term of certain loans made by a credit union.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 1661 IN THE HOUSE OF REPRESENTATIVES March 8, 2019 Mr. Zeldin (for himself and Mr. Gonzalez of Texas ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

1. Flexibility for NCUA Board to increase Federal credit union loan maturities Section 107(5) of the Federal Credit Union Act ( 12 U.S.C. 1757(5) ) is amended by inserting after shall not exceed 15 years, the following: or any longer maturity as the Board may allow, in regulations, .