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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

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.)

history & why it existsrecord from the source credit
  • 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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