[Code of Federal Regulations]
[Title 24, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR24.340]

[Page 258]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
    Subpart C_Responsibilities of Participants Regarding Transactions
 
Sec.  24.340  If I disclose unfavorable information required under 

Sec.  24.335, will I be prevented from participating in the 
transaction?

    As a primary tier participant, your disclosure of unfavorable 
information about yourself or a principal under Sec.  24.335 will not 
necessarily cause us to deny your participation in the covered 
transaction. We will consider the information when we determine whether 
to enter into the covered transaction. We also will consider any 
additional information or explanation that you elect to submit with the 
disclosed information.