Statute · United States Code
15 U.S.C. § 3606 — Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
15 U.S.C. § 3606
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- finance
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.
Citator
15 U.S.C. § 3606 — Federal Housing Administration mortgage or loan insurance; expedition of application process and decision is in force in the current edition of the Code, and nothing recorded condemns it.
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.