22 CFR § 1508.320 - Must I verify that principals of my covered transactions are eligible to participate?

---
identifier: "/us/cfr/t22/s1508.320"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 1508.320 - Must I verify that principals of my covered transactions are eligible to participate?"
title_number: 22
title_name: "Foreign Relations"
section_number: "1508.320"
section_name: "Must I verify that principals of my covered transactions are eligible to participate?"
chapter_name: "AFRICAN DEVELOPMENT FOUNDATION"
part_number: "1508"
part_name: "GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235."
regulatory_source: "68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted."
cfr_part: "1508"
---


# 1508.320 Must I verify that principals of my covered transactions are eligible to participate?

Yes, you as a participant are responsible for determining whether any of your principals of your covered transactions is excluded or disqualified from participating in the transaction. You may decide the method and frequency by which you do so. You may, but you are not required to, check the *EPLS.*