---
kind: "section"
citation: "24 C.F.R. § 200.1515"
title: "24"
number: "200.1515"
heading: "Suspension of MAP privileges."
url: "https://uscodex.org/cfr/24/200.1515"
---

# §200.1515. Suspension of MAP privileges.

- (a) **In general.** Only the MAP Lender Review Board may suspend a lender's eligibility for MAP, in accordance with the procedures of [§ 200.1535](/cfr/24/200.1535.md).
- (b) **Effect of suspension.**
  - (1) A suspension may impose any conditions that may be imposed by probation.
  - (2) **During the suspension period a MAP lender—**
    - (i) Shall be removed from the MAP-approved lender list posted on HUD's Web site;
    - (ii) May not submit, and the HUD field office may not accept, materials after the close of business of the date of the suspension letter for a new application for multifamily mortgage insurance from HUD; and
    - (iii) May continue to process any existing application for multifamily mortgage insurance submitted to a Multifamily Hub or Program Center before the date of the suspension letter.
  - (3) The MAP Lender Review Board may impose a higher level of review of the lender's underwriting by HUD;
  - (4) **Suspension is nationwide in effect.**
- (c) **Duration of suspension.**
  - (1) Suspension may not exceed 12 months, except where conditions are imposed. If both a time period and conditions are imposed, a suspension shall terminate only when:
    - (i) The time period of the suspension has expired;
    - (ii) The MAP lender has submitted a certification of compliance with those conditions to the Board; and
    - (iii) The Board has notified the MAP lender it has received the certification of compliance and is satisfied that the corrective actions have occurred.
  - (2) When suspension is lifted, the lender's name shall be promptly reinstated on the MAP-Approved Lender list posted on HUD's Web site.

## 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.