CFR Subpart I

2 C.F.R. § 2424.952 Hearing officer.

Hearing Officer means an Administrative Law Judge or Office of Appeals Judge authorized by HUD's Secretary or by the Secretary's designee to conduct proceedings under this part.

2 C.F.R. § 2424.970 Nonprocurement transaction (HUD supplement to governmentwide definition at 2 CFR 180.970).

In the case of employment contracts that are covered transactions, each salary payment under the contract is a separate covered transaction.

2 C.F.R. § 2424.995 Principal (HUD supplement to governmentwide definition at 2 CFR 180.995).

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.

2 C.F.R. § 2424.1017 Ultimate beneficiary.

Ultimate beneficiaries of HUD programs include, but are not limited to, subsidized tenants and subsidized mortgagors, such as those assisted under Section 8 Housing Assistance Payment contracts, by Section 236 Rental Assistance, or by Rent Supplement payments.