source:
  type: guide
  id: hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of
    Nonsupervised Mortgagee (09/14/2015)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change
    of Nonsupervised Mortgagee (09/14/2015).
  coverage_tier: operative
obligations:
- id: hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee-full
  canonical_id: hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part I
  description: "Principal Activity Change of Nonsupervised Mortgagee: k. Principal Activity Change of\
    \ Nonsupervised Mortgagee (09/14/2015) \nIf a Nonsupervised Mortgagee’s activities change such that\
    \ it no longer meets the principal \nactivity requirement, the Mortgagee must submit a Notice of Material\
    \ Event to FHA and \nsubmit a Corrective Action Plan detailing the step…"
  type: do
  tags:
  - regulator-direct
  - section-complete
  - hud
  - 4000-1
  - curated
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change
      of Nonsupervised Mortgagee (09/14/2015)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: "k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) \nIf a Nonsupervised\
      \ Mortgagee’s activities change such that it no longer meets the principal \nactivity requirement,\
      \ the Mortgagee must submit a Notice of Material Event to FHA and \nsubmit a Corrective Action Plan\
      \ detailing the steps it will take to meet the principal activity \nrequirement to maintain its\
      \ eligibility."
    drafter_attestation: Verbatim section from snapshot 8c03836f77f317e1; boundary human-curated + substring-verified
      (2026-07-23).
  judgment: false
