[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: 24CFR24.355] [Page 258] TITLE 24--HOUSING AND URBAN DEVELOPMENT PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)-- Subpart C_Responsibilities of Participants Regarding Transactions Sec. 24.355 What information must I provide to a higher tier participant before entering into a covered transaction with that participant? Before you enter into a covered transaction with a person at the next higher tier, you as a lower tier participant must notify that person if you know that you or any of the principals are presently excluded or disqualified.