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the U.S. Code
2012 U.S. Code
Title 15 - Commerce and Trade
Chapter 62 - CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF (§§ 3601 - 3616)
Section 3606 - Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF - 15 U.S.C. § 3606 (2012)
§3606. Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
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.
(Pub. L. 96–399, title VI, §607, Oct. 8, 1980, 94 Stat. 1676.)
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