Title 15 — Commerce and TradeRelease 119-73
§3606 Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
Title 15 › Chapter CHAPTER 62— - CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF › § 3606
Summary
When a tenants' organization applies for FHA mortgage or loan insurance to buy or convert a rental housing project, the Secretary of Housing and Urban Development must speed up handling of the application and make a final decision as soon as possible.
Full Legal Text
Title 15, §3606
Commerce and Trade — Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 3606
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73