2 CFR §2424.995
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A person who has a critical influence on, or substantive control over, a covered transaction, whether or not employed by the participant. Persons who have a critical influence on, or substantive control over, a covered transaction may include, but are not limited to:
- (a)Loan officers;
- (b)Staff appraisers and inspectors;
- (c)Underwriters;
- (d)Bonding companies;
- (e)Borrowers under programs financed by HUD or with loans guaranteed, insured, or subsidized through HUD programs;
- (f)Purchasers of properties with HUD-insured or Secretary-held mortgages;
- (g)Recipients under HUD assistance agreements;
- (h)Ultimate beneficiaries of HUD programs;
- (i)Fee appraisers and inspectors;
- (j)Real estate agents and brokers;
- (k)Management and marketing agents;
- (l)Accountants, consultants, investment bankers, architects, engineers, and attorneys who are in a business relationship with participants in connection with a covered transaction under a HUD program;
- (m)Contractors involved in the construction or rehabilitation of properties financed by HUD, with HUD-insured loans or acquired properties, including properties held by HUD as mortgagee-in-possession;
- (n)Closing agents;
- (o)Turnkey developers of projects financed by or with financing insured by HUD;
- (p)Title companies;
- (q)Escrow agents;
- (r)Project owners;
- (s)Administrators of hospitals, nursing homes, and projects for the elderly financed or insured by HUD; and
- (t)Developers, sellers, or owners of property financed with loans insured under Title I or Title II of the National Housing Act.