GroundRules
24 CFR 30.40: Loan guarantees for Indian housing.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle A—Office of the Secretary, Department of Housing and Urban Development
- PART 30—CIVIL MONEY PENALTIES: CERTAIN PROHIBITED CONDUCT
- Subpart B—Violations
(a) General. The Assistant Secretary for Public and Indian Housing (or his/her designee) may initiate a civil money penalty action against any mortgagee or holder of a guarantee certificate who knowingly and materially violates the provisions of 12 U.S.C. 1715z-13a(g)(2) concerning loan guarantees for Indian housing.
(b) Continuing violation. Each day that a violation continues shall constitute a separate violation.
(c) Amount of penalty. The maximum penalty is $12,567 for each violation, up to a limit of $2,513,215 for all violations committed during any one-year period. Each violation shall constitute a separate violation as to each mortgage or loan application.
Collected 2026-08-27T02:24:55Z. Source file · JSON