---
kind: "section"
citation: "15 U.S.C. § 3602"
title: "15"
title_heading: "Commerce and Trade"
number: "3602"
heading: "Conversion lending"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/3602"
units:
  - "Chapter 62 — Condominium and Cooperative Conversion Protection and Abuse Relief"
---

# §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.


## Source credit

(Pub. L. 96–399, title VI, § 603, Oct. 8, 1980, 94 Stat. 1673.)