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.

Terms Used In 15 USC 3606

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.