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:
Loan officers;
Staff appraisers and inspectors;
Underwriters;
Bonding companies;
Borrowers under programs financed by HUD or with loans guaranteed, insured, or subsidized through HUD programs;
Purchasers of properties with HUD-insured or Secretary-held mortgages;
Recipients under HUD assistance agreements;
Ultimate beneficiaries of HUD programs;
Fee appraisers and inspectors;
Real estate agents and brokers;
Management and marketing agents;
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;
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;
Closing agents;
Turnkey developers of projects financed by or with financing insured by HUD;
Title companies;
Escrow agents;
Project owners;
Administrators of hospitals, nursing homes, and projects for the elderly financed or insured by HUD; and
Developers, sellers, or owners of property financed with loans insured under Title I or Title II of the National Housing Act.
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