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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 45 - Public Welfare |
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Subtitle B - Regulations Relating to Public Welfare |
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Chapter XXV - Corporation for National and Community Service |
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Part 2542 - GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) |
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Subpart C - Responsibilities of Participants Regarding Transactions |
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Disclosing Information—Lower Tier Participants |
§ 2542.365 - What must I do if I learn of information required under 2542.355 after entering into a covered transaction with a higher tier participant?
Latest version.
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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 § 2542.355; or
(b) Due to changed circumstances, you or any of the principals for thetransaction now meet any of the criteria in § 2542.355.