{"data":{"id":"us/24-cfr-30.60","jurisdiction":"us","citation":"24 CFR 30.60","heading":"Dealers or sponsored third-party originators.","body":"(a) General. The Assistant Secretary for Housing-Federal Housing Commissioner, or his or her designee, may initiate a civil money penalty action against any dealer or sponsored third-party originator that violates section 2(b)(7) of the National Housing Act (12 U.S.C. 1703). Such violations include, but are not limited to:\n(1) Falsifying information on an application for dealer approval or reapproval submitted to a lender;\n(2) Falsifying statements on a HUD credit application, improvement contract, note, security instrument, completion certificate, or other loan document;\n(3) Failing to sign a credit application if the dealer or sponsored third-party originator assisted the borrower in completing the application;\n(4) Falsely certifying to a lender that the loan proceeds have been or will be spent on eligible improvements;\n(5) Falsely certifying to a lender that the property improvements have been completed;\n(6) Falsely certifying that a borrower has not been given or promised any cash payment, rebate, cash bonus, or anything of more than nominal value as an inducement to enter into a loan transaction;\n(7) Making a false representation to a lender with respect to the creditworthiness of a borrower or the eligibility of the improvements for which a loan is sought.\n(b) Continuing violation. Each day that a violation continues shall constitute a separate violation.\n(c) Amount of penalty. The maximum penalty is $12,567 for each violation, up to a limit for any particular person of $2,513,215 during any one-year period.","path":["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"],"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":"4a7e324b85a0fa68f19d6d38dbb2180bb25c6d392ee6a129d7302d4666a2d1ab","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-30.50","next":"us/24-cfr-30.65"},"notice":"GroundRules: Original legal text. Not legal advice."}