National Condominium and Tenants Rights Act

[AI summary unavailable — showing source text] National Condominium and Tenants Rights Act - Expresses the findings of Congress and declares the purposes of the Act, including to establish minimum national standards governing the sale, ownership, conversion to, and extension of credit for condominiums. States that no condominium housing loan shall be made: (1) to any developer unless the creditor received a written property statement containing specified names, address, legal descriptions, costs and assurances; or (2) to any prospective purchaser unless the same written property statement has been submitted to such purchaser 21 days prior to to any legally obligating document's execution. Provides similar protection for tenants in cases of condominium conversions. Prohibits discrimination against condominium-unit purchasers in the extension of credit on the basis of age, sex, marital status, religion, race, or national origin. Provides for the designation of an Assistant Secretary for Condominiums in the Department of Housing and Urban Development and enumerates the duties to be performed. Requires each creditor subject to the provisions of this Act to file an annual report with the Secretary of Housing and Urban Development sh…