S. 3616

Expanding Access to Lending Options Act

Shown here: Introduced in Senate (2026-01-13)

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

1. Short title

This Act may be cited as the “Expanding Access to Lending Options Act”.

2. Powers of Federal credit unions

Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) is amended—

(1) in the matter preceding subparagraph (A), by inserting “or up to a term of 20 years as the Board may allow, in regulations” after “15 years”; and

(2) in subparagraph (A)(i), by striking “or will be the principal residence of a credit union member, and which is”.

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