2 C.F.R. § 180.365 What must I do if I learn of information required under §180.355 after entering into a covered transaction with a higher tier participant?
Title 2 - Grants and Agreements
Title 2: Grants and Agreements
PART 180—OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)
Subpart C—Responsibilities of Participants Regarding Transactions Doing Business With Other Persons
Disclosing Information—Lower Tier Participants
§ 180.365 What must I do if I learn of information required under §180.355 after entering into a covered transaction with a higher tier participant?
At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that—
(a) You failed to disclose information earlier, as required by §180.355; or
(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in §180.355.
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