24 C.F.R. § 202.11 Title I.
Title 24 - Housing and Urban Development
(a) Administrative actions—(1) Types of action. In addition to termination of the Contract of Insurance, certain sanctions may be imposed under the Title I program. The administrative actions that may be applied are set forth in 24 CFR 25.5. Civil money penalties may be imposed against Title I lenders and mortgagees pursuant to §25.12 and part 30 of this title. (2) Grounds for action. Administrative actions shall be based upon both the grounds set forth in §25.9 and as follows: (i) Failure to properly supervise and monitor dealers under the provisions of part 201 of this title; (ii) Exhaustion of the general insurance reserve established under part 201 of this title; (iii) Maintenance of a Title I claims/loan ratio representing an unacceptable risk to the Department; or (iv) Transfer of a Title I loan to a party that does not have a valid Title I Contract of Insurance. (b) [Reserved]
Title 24: Housing and Urban Development
PART 202—APPROVAL OF LENDING INSTITUTIONS AND MORTGAGEES
Subpart C—Title I and Title II Specific Requirements
§ 202.11 Title I.
