Missouri Code of State Regulations
Title 4 - Department of Economic Development
Division 170 - Missouri Housing Development Commission
Chapter 8 - Debarment and Suspension Policy
Section 4 CSR 170-8.050 - Disclosure of Information to MHDC or Other Appropriate Officials (Voluntary vs. Involuntary)

(1) Before entering into a covered transaction as a primary participant, all persons must disclose whether they, or any of their principals for that covered transaction-

(2) Voluntary disclosure of unfavorable information by a primary participant about themselves or a principal, or by a subparticipant about themselves or a principal, will not necessarily result in exclusion from covered transactions. The Missouri Housing Development Commission (MHDC) will consider the information, along with any accompanying explanations, when making determinations as to whether to enter into a covered transaction with the primary participant.

(3) Failure to disclose unfavorable information known, or that should reasonably have been known, to the primary participant or their principal at the time of entering into the covered transaction may result in MHDC-

(4) Information required to be disclosed in accordance with these regulations that becomes known to the primary participant, subparticipant, or their principals during a covered transaction to which they are party must be disclosed immediately.

(5) A change in circumstances which results in any of the primary participants, subparticipants, or their principals meeting any of the criteria in 4 CSR 170-8.060 during a covered transaction to which they are party must be disclosed immediately.