StacksVerified U.S. regulatory reference

24 CFR §30.36

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)General. The Assistant Secretary for Housing-Federal Housing Commissioner (or his/her designee) may initiate a civil money penalty action against any principal, officer, or employee of a mortgagee or lender, or other participants in either a mortgage insured under the National Housing Act or any loan that is covered by a contract of insurance under title I of the National Housing Act, or a provider of assistance to the borrower in connection with any such mortgage or loan, including:
    1. (1)Sellers;
    2. (2)Borrowers;
    3. (3)Closing agents;
    4. (4)Title companies;
    5. (5)Real estate agents;
    6. (6)Mortgage brokers;
    7. (7)Appraisers;
    8. (8)Sponsored third-party originators;
    9. (9)Dealers;
    10. (10)Consultants;
    11. (11)Contractors;
    12. (12)Subcontractors; and
    13. (13)Inspectors.
  2. (b)Knowing and material violations. The Assistant Secretary for Housing-Federal Housing Commissioner or his/her designee may impose a civil penalty on any person or entity identified in paragraph (a) of this section who knowingly and materially:
    1. (1)Submits false information to the Secretary in connection with any mortgage insured under the National Housing Act (12 U.S.C. 1701 et seq.), or any loan that is covered by a contract of insurance under title I of the National Housing Act;
    2. (2)Falsely certifies to the Secretary or submits a false certification by another person or entity to the Secretary in connection with any mortgage insured under the National Housing Act or any loan that is covered by a contract of insurance under title I of the National Housing Act; or
    3. (3)Is a loan dealer and fails to submit to the Secretary information which is required by regulations or directives in connection with any loan that is covered by a contract of insurance under title I of the National Housing Act.
  3. (c)Amount of penalty. The maximum penalty is $12,567 for each violation, up to a limit of $2,513,215 for all violations committed during any one-year period. Each violation shall constitute a separate violation as to each mortgage or loan application.