Expanding Access to Lending Options Act allows Federal credit unions to offer loans with maturities up to 20 years.
Expanding Access to Lending Options Act amends the Federal Credit Union Act to allow the National Credit Union Administration Board to set loan maturities for Federal credit unions up to 20 years. Previously, the maximum loan term was 15 years. This change aims to provide more flexible lending options for credit union members.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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