24 CFR 200.1500
§ 200.1500 Sanctions against a MAP lender.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 200.1500, § 200.1500 Sanctions against a MAP lender, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99368
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Full text
(a) In addition to any other legal remedy available to HUD, HUD may take the following actions with respect to a MAP lender:
(1) Warning letter;
(2) Probation;
(3) Suspension;
(4) Termination;
(5) Limited Denial of Participation (LDP);
(6) Referral to the Mortgagee Review Board; and
(7) Referral to the Office of Inspector General.
(b) The actions listed in paragraphs (a)(1) through (a)(4) of this section are carried out in accordance with the requirements of this subpart. An LDP is a sanction applied in accordance with subpart J of 2 CFR part 2424 to participants in loan transactions other than FHA-insured lenders. The Mortgagee Review Board procedures are found at 24 CFR part 25.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.