Suspension and debarment.

  1. Law
  2. CFR 12
  3. Banks and Banking
  4. Federal Housing Finance Agency
  5. Housing Goals and Mission
  6. Federal Home Loan Banks' Affordable Housing Program
  7. Remedial Actions for Noncompliance
  8. Suspension and debarment.

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§ 1291.63 Suspension and debarment.

(a) At a Bank's initiative. A Bank may suspend or debar a member, project sponsor, or project owner from participation in the Program if such party shows a pattern of noncompliance, or engages in a single instance of flagrant noncompliance, with the terms of an approved application for AHP subsidy or the requirements of this part.

(b) At FHFA's initiative. FHFA may order a Bank to suspend or debar a member, project sponsor, or project owner from participation in the Program if such party shows a pattern of noncompliance, or engages in a single instance of flagrant noncompliance, with the terms of an approved application for AHP subsidy or the requirements of this part.


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