45 CFR 77.4
§ 77.4 Remedial actions.
United States · 45 CFR — Public Welfare · Status: effective
Cite this
- Citation
- 45 CFR 77.4, § 77.4 Remedial actions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/216491
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Full text
If, after the conclusion of the procedures set forth in § 77.5 or § 77.6 the Department finds that one or more of the conditions set forth in § 77.3 is or has been present, the Department may take the following remedial actions against a recipient organization's use of its letter of credit:
(a) The Department may place special limits, restrictions, or controls upon the recipient organization's use of its letter of credit.
(b) The Department may require more frequent or more detailed financial reporting from the recipient organization.
(c) The Department may suspend, reduce, or terminate the recipient organization's use of its letter of credit.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.