Excludes extensions of credit made to veterans from the definition of a member business loan under the Federal Credit Union Act.
The Veterans Member Business Loan Act amends the Federal Credit Union Act to redefine a member business loan, excluding extensions of credit made to veterans. This change aims to provide more flexibility for credit unions in supporting veterans. The amendments will take effect six months after the act's enactment.
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- Core Provisions
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- Legal Framework
- Critical Issues
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