[Code of Federal Regulations]
[Title 2, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 2CFR2424.995]

[Page 245-246]
 
                     TITLE 2--GRANTS AND AGREEMENTS
 
        CHAPTER XXIV--DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 2424_NONPROCUREMENT DEBARMENT AND SUSPENSION--Table of Contents
 
                          Subpart I_Definitions
 
Sec. 2424.995  Principal (HUD supplement to governmentwide definition at 2 CFR 

180.995).

    A person who has a critical influence on, or substantive control 
over, a covered transaction, whether or not employed by the participant. 
Persons who have a critical influence on, or substantive control over, a 
covered transaction may include, but are not limited to:
    (a) Loan officers;
    (b) Staff appraisers and inspectors;
    (c) Underwriters;
    (d) Bonding companies;
    (e) Borrowers under programs financed by HUD or with loans 
guaranteed, insured, or subsidized through HUD programs;
    (f) Purchasers of properties with HUD-insured or Secretary-held 
mortgages;
    (g) Recipients under HUD assistance agreements;
    (h) Ultimate beneficiaries of HUD programs;
    (i) Fee appraisers and inspectors;
    (j) Real estate agents and brokers;
    (k) Management and marketing agents;
    (l) Accountants, consultants, investment bankers, architects, 
engineers, and attorneys who are in a business relationship with 
participants in connection with a covered transaction under a HUD 
program;
    (m) Contractors involved in the construction or rehabilitation of 
properties financed by HUD, with HUD-insured loans or acquired 
properties, including properties held by HUD as mortgagee-in-possession;
    (n) Closing agents;
    (o) Turnkey developers of projects financed by or with financing 
insured by HUD;
    (p) Title companies;
    (q) Escrow agents;

[[Page 246]]

    (r) Project owners;
    (s) Administrators of hospitals, nursing homes, and projects for the 
elderly financed or insured by HUD; and
    (t) Developers, sellers, or owners of property financed with loans 
insured under Title I or Title II of the National Housing Act.