CFR > Title 34 - Education > SUBTITLE A—Office of the Secretary, Department of Education > PART 85—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) > SUBPART C—Responsibilities of Participants Regarding Transactions (§85.300 to §85.365) > 85.365—What must I do if I learn of information required under § 85.355 after entering into a covered transaction with a higher tier participant?

85.365—What must I do if I learn of information required under § 85.355 after entering into a covered transaction with a higher tier participant?

At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that—
(a) You failed to disclose information earlier, as required by § 85.355; or
(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in § 85.355.

Code of Federal Regulations

(Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 1989 Comp., p. 235); 20 U.S.C. 1082, 1094, 1221e-3 and 3474 ; and Sec. 2455, Pub. L. 103-355, 108 Stat. 3243 at 3327)