Title 15 — Commerce and Trade
Chapter 62 — Condominium and Cooperative Conversion Protection and Abuse Relief
§ 3602. Conversion lending
Statutory text
It is the sense of the Congress that lending by federally insured lending institutions for the conversion of rental housing to condominiums and cooperative housing should be discouraged where there are adverse impacts on housing opportunities of the low- and moderate-income and elderly and handicapped tenants involved.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Condominium and Cooperative Abuse Relief Act of 1980
Pub. L. 96–399 title VI § 603 · 94 Stat. 1614
Enacted · 15 U.S.C. § 3602
(Pub. L. 96–399, title VI, § 603, Oct. 8, 1980, 94 Stat. 1673.)
Source evidence
Code source credit
(Pub. L. 96–399, title VI, § 603, Oct. 8, 1980, 94 Stat. 1673.)Enacted provision · exact public law section
Sec. 603. conversion lending It is the sense of the Congress that lending by federally 15 USC 3602. insured lending institutions for the conversion of rental housing to condominiums and cooperative housing should be discouraged where there are adverse impacts on housing opportunities of the low- and moderate-income and elderly and handicapped tenants involved.
1 of 1 references resolved to an enrolled provision