[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: 24CFR24.455]



[Page 256]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

of Contents

 

   Subpart D_Responsibilities of HUD Officials Regarding Transactions

 

Sec.  24.455  What may I do if a lower tier participant fails to disclose 

the information required under Sec.  24.355 to the next higher tier?



    If you as an agency official determine that a lower tier participant 

failed to disclose information, as required by Sec.  24.355, at the time 

it entered into a covered transaction with a participant at the next 

higher tier, you may pursue any remedies available to you, including the 

initiation of a suspension or debarment action.