FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015)

hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee

FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015).

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  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).
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    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) 
      If a Nonsupervised Mortgagee’s activities change such that it no longer meets the principal 
      activity requirement, the Mortgagee must submit a Notice of Material Event to FHA and 
      submit a Corrective Action Plan detailing the step…
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      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
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      fetched_at: '2026-05-23T00:28:40Z'
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      paragraph_quote: |-
        k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) 
        If a Nonsupervised Mortgagee’s activities change such that it no longer meets the principal 
        activity requirement, the Mortgagee must submit a Notice of Material Event to FHA and 
        submit a Corrective Action Plan detailing the steps it will take to meet the principal activity 
        requirement to maintain its eligibility.
      drafter_attestation: Verbatim section from snapshot 8c03836f77f317e1; boundary human-curated + substring-verified (2026-07-23).

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) — 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.

FHA Single Family Housing Policy Handbook 4000.1, Part I

k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) If a Nonsupervised Mortgagee’s activities change such that it no longer meets the principal activity requirement, the Mortgagee must submit a Notice of Material Event to FHA and submit a Corrective Action Plan detailing the steps it will take to meet the principal activity requirement to maintain its eligibility.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) · source URL · snapshot 8c03836f77f317e1

Operationalizing FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015)

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee/ · register hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee · Claude for Compliance. Free to read and download; see regulatory updates and methodology.