Conversion lending — Us Code Code § 3602
Us Code Code § 3602 — Conversion lending. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 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.)
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15 U.S.C. § 3602 is part of Title 15 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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