The Veterans Member Business Loan Act aims to exclude credit extensions to veterans from the definition of a member business loan.
The Veterans Member Business Loan Act amends the Federal Credit Union Act to redefine a member business loan, excluding credit extensions made to veterans. This change takes effect 180 days after the act's enactment, impacting how credit unions classify loans to veterans.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.