{"data":{"id":"us/2-cfr-2424.995","jurisdiction":"us","citation":"2 CFR 2424.995","heading":"Principal (HUD supplement to governmentwide definition at 2 CFR 180.995).","body":"A person who has a critical influence on, or substantive control over, a covered transaction, whether or not employed by the participant. Persons who have a critical influence on, or substantive control over, a covered transaction may include, but are not limited to:\n(a) Loan officers;\n(b) Staff appraisers and inspectors;\n(c) Underwriters;\n(d) Bonding companies;\n(e) Borrowers under programs financed by HUD or with loans guaranteed, insured, or subsidized through HUD programs;\n(f) Purchasers of properties with HUD-insured or Secretary-held mortgages;\n(g) Recipients under HUD assistance agreements;\n(h) Ultimate beneficiaries of HUD programs;\n(i) Fee appraisers and inspectors;\n(j) Real estate agents and brokers;\n(k) Management and marketing agents;\n(l) Accountants, consultants, investment bankers, architects, engineers, and attorneys who are in a business relationship with participants in connection with a covered transaction under a HUD program;\n(m) Contractors involved in the construction or rehabilitation of properties financed by HUD, with HUD-insured loans or acquired properties, including properties held by HUD as mortgagee-in-possession;\n(n) Closing agents;\n(o) Turnkey developers of projects financed by or with financing insured by HUD;\n(p) Title companies;\n(q) Escrow agents;\n(r) Project owners;\n(s) Administrators of hospitals, nursing homes, and projects for the elderly financed or insured by HUD; and\n(t) Developers, sellers, or owners of property financed with loans insured under Title I or Title II of the National Housing Act.","path":["Title 2—Federal Financial Assistance","Subtitle B—Federal Agency Regulations for Grants and Agreements","CHAPTER XXIV—DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","PART 2424—NONPROCUREMENT DEBARMENT AND SUSPENSION","Subpart I—Definitions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-2.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:23:42Z","sha256":"30b76ba23fb9c4d7c416ce769f30dd9540dad61a2585ff1ac38a636e609c51a3","source_id":"us-cfr","stale":true,"prev":"us/2-cfr-2424.970","next":"us/2-cfr-2424.1017"},"notice":"GroundRules: Original legal text. Not legal advice."}