{"data":{"id":"us/24-cfr-1005.221","jurisdiction":"us","citation":"24 CFR 1005.221","heading":"Business change reporting.","body":"(a) Within a timeframe as prescribed by Section 184 Program Guidance, Direct Guarantee Lenders shall provide written notification to HUD, in such a form as prescribed by Section 184 Program Guidance of:\n(1) All changes in the Direct Guarantee Lender or Sponsored Entity's legal structure, including, but not limited to, mergers, acquisitions, terminations, name, location, control of ownership, and character of business;\n(2) Staffing changes with senior leadership and Loan underwriters for Direct Guarantee Lenders and Sponsored Entities; and\n(3) Any sanctions by another supervising entity.\n(b) Failure to report changes within a reasonable timeframe prescribed in Section 184 Program Guidance may result in sanctions in accordance with §§ 1005.905 and 1005.907.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","PART 1005—LOAN GUARANTEES FOR INDIAN HOUSING","Subpart B—Lender Eligibility and Requirements"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"e60e86f00a68cbfecae8a18434f2cee71431d649d2d1a4d2af1fe62b538dea76","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-1005.219","next":"us/24-cfr-1005.223"},"notice":"GroundRules: Original legal text. Not legal advice."}