GENERAL PREPAYMENT LIMITATION.

SEC. 221. GENERAL PREPAYMENT LIMITATION. (a) Prior Approval of Plan of Action.— An owner of eligible low income housing may prepay, and a mortgagee may accept prepayment of, a mortgage on such housing only in accordance with a plan 101 STAT. 1879of action approved by the Secretary of Housing and Urban Development under this subtitle. (b) Alternative Prepayment Moratorium.— In the event any court of the United States or any State invalidates the requirements established in this subtitle, an owner of eligible low income housing located in the geographic area subject to the jurisdiction of such court may not prepay, and a mortgagee may not accept prepayment of, a mortgage on such housing during the 2-year period following the date of such invalidation.