Title 15 — Commerce and Trade
Chapter 62 — Condominium and Cooperative Conversion Protection and Abuse Relief
§ 3606. Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
Statutory text
Where an application for mortgage or loan insurance in connection with a conversion or purchase of a rental housing project being undertaken by a tenants’ organization is submitted, the Secretary of Housing and Urban Development shall expedite the processing of the application in every way and shall make a final decision on such application at the earliest practicable time.
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 § 607 · 94 Stat. 1614
Enacted · 15 U.S.C. § 3606
(Pub. L. 96–399, title VI, § 607, Oct. 8, 1980, 94 Stat. 1676.)
Source evidence
Code source credit
(Pub. L. 96–399, title VI, § 607, Oct. 8, 1980, 94 Stat. 1676.)Enacted provision · exact public law section
Sec. 607. federal housing administration insurance Where an application for mortgage or loan insurance in connection with a conversion or purchase of a rental housing project being undertaken by a tenants’ organization is submitted, the Secretary of Housing and Urban Development shall expedite the processing of the application in every way and shall make a final decision on such application at the earliest practicable time.
1 of 1 references resolved to an enrolled provision