24 CFR § 291.607 - Qualified participants.

---
identifier: "/us/cfr/t24/s291.607"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 291.607 - Qualified participants."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "291.607"
section_name: "Qualified participants."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "I"
subchapter_name: "HUD-OWNED PROPERTIES"
part_number: "291"
part_name: "DISPOSITION OF HUD-ACQUIRED AND -OWNED SINGLE FAMILY PROPERTY"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1701  42 U.S.C. 1441, 1441a, 1551a, and 3535(d)."
regulatory_source: "56 FR 46956, Sept. 16, 1991, unless otherwise noted."
cfr_part: "291"
---


# 291.607 Qualified participants.

(a) *Confidentiality Agreement and Bidder Qualification Statement.* Individuals or entities must become a Qualified Participant before they may bid or purchase Single Family Loans in a Single Family Sale. An individual or entity seeking to participate in a Single Family Sale must sign a Confidentiality Agreement and complete a Bidder Qualification Statement. The Secretary will specify which Bidder Qualification Statement form(s) are applicable to a particular Single Family Sale and any additional sale specific qualification criteria through notice. HUD will only provide access to sensitive Single Family Sale materials to Qualified Participants.

(b) *Process for determining Qualified Participant.* HUD will qualify any individual or entity seeking to participate in a Single Family Sale if they have met the qualification requirements and executed the applicable Bidder Qualification Statement for the Single Family Sale.