Title 15 — Commerce and TradeRelease 119-73not60
§3602 Conversion Lending
Title 15 › Chapter 62— CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF › § 3602
Summary
Federally insured lenders should avoid loans that convert rental buildings to condos or co‑ops if doing so would harm low/moderate‑income, elderly, or disabled tenants.
Full Legal Text
Title 15, §3602
Commerce and Trade — Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 3602
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60