15 USC 3602: Conversion lending
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15 USC 3602: Conversion lending Text contains those laws in effect on December 24, 2024
From Title 15-COMMERCE AND TRADECHAPTER 62-CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF
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§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, §603, Oct. 8, 1980, 94 Stat. 1673 .)