[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: 24CFR24.455]

[Page 260]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
   Subpart D_Responsibilities of HUD Officials Regarding Transactions
 
Sec.  24.455  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.