# 24 C.F.R. § 30.60 (2026): Dealers or sponsored third-party originators

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_60

## Section

- **Citation:** 24 C.F.R. § 30.60 (2026)
- **Heading:** Dealers or sponsored third-party originators
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 24 CFR: Housing and Urban Development / Part 30: CIVIL MONEY PENALTIES: CERTAIN PROHIBITED CONDUCT / Subpart B: Violations / § 30.60: § 30.60   Dealers or sponsored third-party originators.

## Text

(a)
General.
The Assistant Secretary for Housing-Federal Housing Commissioner, or his or her designee, may initiate a civil money penalty action against any dealer or sponsored third-party originator that violates section 2(b)(7) of the National Housing Act (12 U.S.C. 1703). Such violations include, but are not limited to:
(1) Falsifying information on an application for dealer approval or reapproval submitted to a lender;
(2) Falsifying statements on a HUD credit application, improvement contract, note, security instrument, completion certificate, or other loan document;
(3) Failing to sign a credit application if the dealer or sponsored third-party originator assisted the borrower in completing the application;
(4) Falsely certifying to a lender that the loan proceeds have been or will be spent on eligible improvements;
(5) Falsely certifying to a lender that the property improvements have been completed;
(6) Falsely certifying that a borrower has not been given or promised any cash payment, rebate, cash bonus, or anything of more than nominal value as an inducement to enter into a loan transaction;
(7) Making a false representation to a lender with respect to the creditworthiness of a borrower or the eligibility of the improvements for which a loan is sought.
(b)
Continuing violation.
Each day that a violation continues shall constitute a separate violation.
(c)
Amount of penalty.
The maximum penalty is $12,567 for each violation, up to a limit for any particular person of $2,513,215 during any one-year period.
[61 FR 50215, Sept. 24, 1996, as amended at 68 FR 12788, Mar. 17, 2003; 72 FR 5588, Feb. 6, 2007; 77 FR 51467, Aug. 24, 2012; 78 FR 4059, Jan. 18, 2013; 81 FR 38935, June 15, 2016; 82 FR 24524, May 30, 2017; 83 FR 32793, July 16, 2018; 84 FR 9453, Mar. 15, 2019; 85 FR 13044, Mar. 6, 2020; 86 FR 14373, Mar. 16, 2021; 87 FR 24420, Apr. 26, 2022; 88 FR 9748, Feb. 15, 2023; 89 FR 13616, Feb. 23, 2024;90 FR 24747, June 12, 2025]

## Nearby sections

- [24 C.F.R. § 30.20 (2026) § 30.20   Ethical violations by HUD employees.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_20.md)
- [24 C.F.R. § 30.25 (2026) § 30.25   Violations by applicants for assistance.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_25.md)
- [24 C.F.R. § 30.35 (2026) § 30.35   Mortgagees and lenders.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_35.md)
- [24 C.F.R. § 30.36 (2026) § 30.36   Other participants in FHA programs.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_36.md)
- [24 C.F.R. § 30.40 (2026) § 30.40   Loan guarantees for Indian housing.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_40.md)
- [24 C.F.R. § 30.45 (2026) § 30.45   Multifamily and section 202 or 811 mortgagors.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_45.md)
- [24 C.F.R. § 30.50 (2026) § 30.50   GNMA issuers and custodians.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_50.md)
- [24 C.F.R. § 30.60 (2026) § 30.60   Dealers or sponsored third-party originators.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_60.md)
- [24 C.F.R. § 30.65 (2026) § 30.65   Failure to disclose lead-based paint hazards.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_65.md)
- [24 C.F.R. § 30.68 (2026) § 30.68   Section 8 owners.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_68.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T24_P30_S30_60. Check the current official text before relying on it. Not legal advice.