Federal Housing Administration mortgage or loan insurance; expedition of application process and decision

15 U.S.C. § 3606
in effect
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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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