§ 3606. — Federal Housing Administration mortgage or loan insurance; expedition of application process and decision.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC3606]
TITLE 15--COMMERCE AND TRADE
CHAPTER 62--CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE
RELIEF
Sec. 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, Sec. 607, Oct. 8, 1980, 94 Stat. 1676.)
