{"data":{"id":"us/24-cfr-330.55","jurisdiction":"us","citation":"24 CFR 330.55","heading":"Basis for removal from participation.","body":"A participant may be removed from the Multiclass Securities program if the Association, in its discretion, determines that any of the following exists or has occurred:\n(a) The participant, at any time, fails to meet any condition for eligibility;\n(b) The participant fails to comply with any provision of the Multiclass Guide or this part;\n(c) The participant is unable or fails to truthfully, correctly or fully submit such certifications as are required; and\n(d) Such further reasons as the Association determines necessary to protect the safety and soundness of the Multiclass Securities program, as set out in the Multiclass Guide.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER III—GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","PART 330—GUARANTY OF MULTICLASS SECURITIES"],"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":"a1547365772eef5f735690592ac63c8b8fa2c992a9db2c3ce34f875fd7f9968b","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-330.50","next":"us/24-cfr-330.60"},"notice":"GroundRules: Original legal text. Not legal advice."}