24 C.F.R. § 24.365   What must I do if I learn of information required under §24.355 after entering into a covered transaction with a higher tier participant?


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 24—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)
Subpart C—Responsibilities of Participants Regarding Transactions

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§ 24.365   What must I do if I learn of information required under §24.355 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 §24.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in §24.355.

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