The Mortgagee Review Board (MRB) may impose the following actions and sanctions on an FHA-approved Mortgagee:
- a letter of reprimand;
- withdrawal of FHA-approval; and
- civil money penalties.
The MRB may also enter into settlement agreements with non-complying Mortgagees.
For additional information see Handbook 4000.1 V.E.4 available at: