[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: 24CFR24.450]

[Page 260]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
   Subpart D_Responsibilities of HUD Officials Regarding Transactions
 
Sec.  24.450  What action may I take if a primary tier participant 

fails to disclose the information required under Sec.  24.335?

    If you as an agency official determine that a participant failed to 
disclose information, as required by Sec.  24.335, at the time it 
entered into a covered transaction with you, you may--
    (a) Terminate the transaction for material failure to comply with 
the terms and conditions of the transaction; or
    (b) Pursue any other available remedies, including suspension and 
debarment.