GroundRules
12 CFR 1291.63: Suspension and debarment.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY
- SUBCHAPTER E—HOUSING GOALS AND MISSION
- PART 1291—FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM
- Subpart F—Remedial Actions for Noncompliance
(a) At a Bank's initiative. A Bank may suspend or debar a member, project sponsor, or project owner from participation in the Program if such party shows a pattern of noncompliance, or engages in a single instance of flagrant noncompliance, with the terms of an approved application for AHP subsidy or the requirements of this part.
(b) At FHFA's initiative. FHFA may order a Bank to suspend or debar a member, project sponsor, or project owner from participation in the Program if such party shows a pattern of noncompliance, or engages in a single instance of flagrant noncompliance, with the terms of an approved application for AHP subsidy or the requirements of this part.
Collected 2026-08-27T02:24:16Z. Source file · JSON