24 CFR 330.55

§ 330.55 Basis for removal from participation.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 330.55, § 330.55 Basis for removal from participation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100642
Permanent ID: ys:prov:100642@1
SHA-256: 97810d4cc65b76668fa8b033fb8c7d0ea2d7816eeabd0a668f05dd6ebb47393d

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Full text

A participant may be removed from the Multiclass Securities program if the Association, in its discretion, determines that any of the following exists or has occurred: (a) The participant, at any time, fails to meet any condition for eligibility; (b) The participant fails to comply with any provision of the Multiclass Guide or this part; (c) The participant is unable or fails to truthfully, correctly or fully submit such certifications as are required; and (d) Such further reasons as the Association determines necessary to protect the safety and soundness of the Multiclass Securities program, as set out in the Multiclass Guide.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.