§ 3602. — Conversion lending.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC3602]
TITLE 15--COMMERCE AND TRADE
CHAPTER 62--CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE
RELIEF
Sec. 3602. Conversion lending
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.
(Pub. L. 96-399, title VI, Sec. 603, Oct. 8, 1980, 94 Stat. 1673.)
