---
kind: "section"
citation: "24 C.F.R. § 200.1505"
title: "24"
number: "200.1505"
heading: "Warning letter."
url: "https://uscodex.org/cfr/24/200.1505"
---

# §200.1505. Warning letter.

- (a) **In general.** HUD may issue a warning letter, which specifies problems or violations identified by HUD, to a MAP lender.
- (b) **Effect of warning letter.** The warning letter:
  - (1) Does not suspend a lender's MAP privileges;
  - (2) May impose a higher level of review of the lender's underwriting by HUD;
  - (3) May direct the taking of a corrective action; and
  - (4) May require a meeting in a designated HUD office with the principal owners or officers, or both, of the MAP lender to discuss the specified problems and violations, and possible corrective actions.
- (c) **Relationship to other sanctions.** The issuance of a warning letter is not subject to the MAP Lender Review Board procedures in accordance with [§ 200.1535](/cfr/24/200.1535.md), and is not a prerequisite to the probation, or suspension, or termination of MAP privileges.

## Notes

### Source

Source: 70 FR 43242, July 26, 2005, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.