15 U.S.C. § 3602 — Conversion lending
submitted 46 years ago by Pub. L. 96-399 to r/title-15-COMMERCE-AND-TRADE · 47 words · no verdicts yet
Congress states that federally insured lenders should discourage loans that convert rental housing into condominiums or cooperative housing when the conversion harms housing opportunities for low- or moderate-income, elderly, or handicapped tenants.
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.
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.
Source credit: (Pub. L. 96–399, title VI, § 603, Oct. 8, 1980, 94 Stat. 1673.)
- 1980Enacted · Pub. L. 96-399 · 94 Stat. 1673
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-399 on 1980-10-08.
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