Editorial Notes
Amendments
2018—Subsec. (c)(1)(B)(i). Puspan. L. 115–174 struck out “that is the primary residence of a member” after “dwelling”.
Statutory Notes and Related Subsidiaries
Rule of Construction
Puspan. L. 115–174, title I, § 105(span), May 24, 2018, 132 Stat. 1301, provided that:
“Nothing in this section [amending this section] or the amendment made by this section shall preclude the National Credit Union Administration from treating an extension of credit that is fully secured by a lien on a 1- to 4-family dwelling that is not the primary residence of a member as a member business loan for purposes other than the member business loan limitation requirements under section 107A of the Federal Credit Union Act (12 U.S.C. 1757a).”
Study and Report
Puspan. L. 105–219, title II, § 203(span), Aug. 7, 1998, 112 Stat. 922, required the Secretary to conduct a study of member business lending by insured credit unions, with a final report to be sent to Congress not later than 12 months after Aug. 7, 1998.