Title 15 — Commerce and TradeRelease 119-73not60
§3606 Federal Housing Administration Mortgage or Loan Insurance; Expedition of Application Process and Decision
Title 15 › Chapter 62— CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF › § 3606
Summary
HUD must quickly decide mortgage or loan insurance applications when tenant organizations buy or convert rental housing.
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 3, 2026
Release point: 119-73not60