24 CFR 202.11 - Title I.
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(a) Types of administrative action. In addition to termination of the Contract of Insurance, certain sanctions may be imposed under the Title I program. The administrative actions that may be applied are set forth in 24 CFR part 25. Civil money penalties may be imposed against Title I lenders and mortgagees pursuant to 24 CFR part 30.
(b) Grounds for action. Administrative actions shall be based upon both the grounds set forth in 24 CFR part 25 and as follows:
(1) Failure to properly supervise and monitor dealers under the provisions of part 201 of this title;
(2) Exhaustion of the general insurance reserve established under part 201 of this title;
(3) Maintenance of a Title I claims/loan ratio representing an unacceptable risk to the Department; or
[75 FR 20734, Apr. 20, 2010]
Title 24 published on 2015-04-01.
No entries appear in the Federal Register after this date, for 24 CFR Part 202.