15 USC § 3606 - Federal Housing Administration mortgage or loan insurance; expedition of application process and decision
---
identifier: "/us/usc/t15/s3606"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 3606 - Federal Housing Administration mortgage or loan insurance; expedition of application process and decision"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "3606"
section_name: "Federal Housing Administration mortgage or loan insurance; expedition of application process and decision"
chapter_number: 62
chapter_name: "CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 96–399, title VI, § 607, Oct. 8, 1980, 94 Stat. 1676.)"
---
# § 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.
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**Source Credit**: (Pub. L. 96–399, title VI, § 607, Oct. 8, 1980, 94 Stat. 1676.)