Expanding Access to Lending Options Act allows the National Credit Union Administration Board to extend Federal credit union loan maturities beyond.
The Expanding Access to Lending Options Act amends the Federal Credit Union Act to give the National Credit Union Administration Board the flexibility to increase Federal credit union loan maturities beyond the current 15-year limit. This change aims to provide more options for borrowers and potentially improve access to lending. The bill emphasizes the importance of safety and soundness in the oversight of federally chartered credit unions.
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