[Code of Federal Regulations]

[Title 24, Volume 5]

[Revised as of April 1, 2006]

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

[CITE: 24CFR3500.19]



[Page 294-295]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

 CHAPTER XX--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 

        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 3500_REAL ESTATE SETTLEMENT PROCEDURES ACT--Table of Contents

 

Sec.  3500.19  Enforcement.



    (a) Enforcement policy. It is the policy of the Secretary regarding 

RESPA enforcement matters to cooperate with Federal, State or local 

agencies having supervisory powers over lenders or other persons with 

responsibilities under RESPA. Federal agencies with supervisory powers 

over lenders may use their powers to require compliance with RESPA. In 

addition, failure to comply with RESPA may be grounds for administrative 

action by the Secretary under part 24 of this title concerning 

debarment, suspension, ineligibility of contractors and grantees, or 

under part 25 of this title concerning the HUD Mortgagee Review Board. 

Nothing in this paragraph is a limitation on any other form of 

enforcement which may be legally available.

    (b) Violations of section 8 of RESPA (12 U.S.C. 2607), Sec.  

3500.14, or Sec.  3500.15. Any person who violates Sec. Sec.  3500.14 or 

3500.15 shall be deemed to violate section 8 of RESPA and shall be 

sanctioned accordingly.



[[Page 295]]



    (c) Violations of section 9 of RESPA (12 U.S.C. 2608) or Sec.  

3500.16. Any person who violates section 3500.16 of this part shall be 

deemed to violate section 9 of RESPA and shall be sanctioned 

accordingly.

    (d) Investigations. The procedures for investigations and 

investigational proceedings are set forth in 24 CFR part 3800.