[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR24.365]



[Page 254]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

    Subpart C_Responsibilities of Participants Regarding Transactions

 

Sec.  24.365  What must I do if I learn of information required under 

Sec.  24.355 after entering into a covered transaction with a higher 

tier participant?



    At any time after you enter into a lower tier covered transaction 

with a person at a higher tier, you must provide immediate written 

notice to that person if you learn either that--

    (a) You failed to disclose information earlier, as required by Sec.  

24.355; or

    (b) Due to changed circumstances, you or any of the principals for 

the transaction now meet any of the criteria in Sec.  24.355.