200.1500—Sanctions against a MAP lender.
(a)
In addition to any other legal remedy available to HUD, HUD may take the following actions with respect to a MAP lender:
(b)
The actions listed in paragraphs (a)(1) through (a)(4) of this section are carried out in accordance with the requirements of this subpart. An LDP is a sanction applied in accordance with subpart J of 2 CFR part 2424 to participants in loan transactions other than FHA-insured lenders. The Mortgagee Review Board procedures are found at 24 CFR part 25.