Section 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:
(b) Staff appraisers and inspectors;(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;(o) Turnkey developers of projects financed by or with financing insured by HUD;(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.