24 CFR §200.1505 — Warning letter
HUD / FHA Multifamily · a federal regulation, 24 CFR Part 200, Subpart Y—Multifamily Accelerated Processing (MAP): MAP Lender Quality Assurance Enforcement. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.
24 CFR §200.1505, Warning letter. An FHA multifamily program rule in Subpart Y—Multifamily Accelerated Processing (MAP): MAP Lender Quality Assurance Enforcement of 24 CFR Part 200 (Introduction to FHA Programs).
Verbatim regulatory text
Verbatim provisions from 24 CFR §200.1505 — Warning letter — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §200.1505(a)
(a) In general. HUD may issue a warning letter, which specifies problems or violations identified by HUD, to a MAP lender.
24 CFR §200.1505(b)
(b) Effect of warning letter. The warning letter: (1) Does not suspend a lender's MAP privileges; (2) May impose a higher level of review of the lender's underwriting by HUD; (3) May direct the taking of a corrective action; and (4) May require a meeting in a designated HUD office with the principal owners or officers, or both, of the MAP lender to discuss the specified problems and violations, and possible corrective actions.
24 CFR §200.1505(c)
(c) Relationship to other sanctions. The issuance of a warning letter is not subject to the MAP Lender Review Board procedures in accordance with § 200.1535, and is not a prerequisite to the probation, or suspension, or termination of MAP privileges.
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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-200-1505/
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