15 U.S.C. 3606: Federal Housing Administration mortgage or loan insurance; expedition of application process and decisionText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 15-COMMERCE AND TRADECHAPTER 62-CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF
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§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 .)
