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Code · CFR · Title 24 — Housing and Urban Development · Part 401 — Multifamily Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-Market) · § 401.313

§ 401.313. Consequences of PAE violations; finality of HUD determination.

150 words·~1 min read·/us/cfr/t24/s§ 401.313·

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(a)Effect on PRA. If a PAE, potential PAE or other restricted person (as defined in § 401.310) violates §§ 401.310, 410.311, or 401.312, HUD may:
(1)Find the potential PAE unqualified to enter into a PRA;
(2)Find the PAE unqualified to receive additional projects for restructuring under an existing PRA;
(3)Find the PAE in default under an existing PRA with the right of termination for cause under § 401.309; or
(4)Seek from a PAE or other restricted person HUD's actual, direct, and consequential damages resulting from the violation.
(b)Cumulative remedies. The remedies under this section are cumulative and in addition to any other remedies or rights HUD may have under the terms of the PRA, at law, or otherwise.
(c)Finality of determination. Any determination made by HUD pursuant to this section is at HUD's sole discretion and is not subject to further administrative review.
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