Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
About This Law
/us/usc/t15/s3606
Title
15 — Commerce and Trade
Chapter
CH62
Release
119-84
Release Date
2026-04-17
Section Text
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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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