2 CFR § 2424.995 - Principal (HUD supplement to governmentwide definition at 2 CFR 180.995).

---
identifier: "/us/cfr/t2/s2424.995"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "2 CFR § 2424.995 - Principal (HUD supplement to governmentwide definition at 2 CFR 180.995)."
title_number: 2
title_name: "Federal Financial Assistance"
section_number: "2424.995"
section_name: "Principal (HUD supplement to governmentwide definition at 2 CFR 180.995)."
chapter_name: "DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "2424"
part_name: "NONPROCUREMENT DEBARMENT AND SUSPENSION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 2455, Pub. L. 103-355, 108 Stat. 3327; E.O. 12549, 3 CFR, 1986 Comp., p. 189; E.O. 12689, 3 CFR, 1989 Comp., p. 235."
regulatory_source: "72 FR 73487, Dec. 27, 2007, unless otherwise noted."
cfr_part: "2424"
---


# 2424.995 Principal (HUD supplement to governmentwide definition at 2 CFR 180.995).

A person who has a critical influence on, or substantive control over, a covered transaction, whether or not employed by the participant. Persons who have a critical influence on, or substantive control over, a covered transaction may include, but are not limited to:

(a) Loan officers;

(b) Staff appraisers and inspectors;

(c) Underwriters;

(d) Bonding companies;

(e) Borrowers under programs financed by HUD or with loans guaranteed, insured, or subsidized through HUD programs;

(f) Purchasers of properties with HUD-insured or Secretary-held mortgages;

(g) Recipients under HUD assistance agreements;

(h) Ultimate beneficiaries of HUD programs;

(i) Fee appraisers and inspectors;

(j) Real estate agents and brokers;

(k) Management and marketing agents;

(l) Accountants, consultants, investment bankers, architects, engineers, and attorneys who are in a business relationship with participants in connection with a covered transaction under a HUD program;

(m) Contractors involved in the construction or rehabilitation of properties financed by HUD, with HUD-insured loans or acquired properties, including properties held by HUD as mortgagee-in-possession;

(n) Closing agents;

(o) Turnkey developers of projects financed by or with financing insured by HUD;

(p) Title companies;

(q) Escrow agents;

(r) Project owners;

(s) Administrators of hospitals, nursing homes, and projects for the elderly financed or insured by HUD; and

(t) Developers, sellers, or owners of property financed with loans insured under Title I or Title II of the National Housing Act.