§ 85.365 - What must I do if I learn of information required under 85.355 after entering into a covered transaction with a higher tier participant?

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At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that—

(a) You failed to disclose information earlier, as required by §85.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in §85.355.

(Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 1989 Comp., p. 235); 20 U.S.C. 1082, 1094, 1221e-3 and 3474; and Sec. 2455, Pub. L. 103–355, 108 Stat. 3243 at 3327)

                    
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