[Code of Federal Regulations] [Title 2, Volume 1] [Revised as of January 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 2CFR180.365] [Page 20] TITLE 2--GRANTS AND AGREEMENTS CHAPTER I--OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS PART 180_OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION Subpart C_Responsibilities of Participants Regarding Transactions Doing Business With Other Persons Sec. 180.365 What must I do if I learn of information required under Sec. 180.355 after entering into a covered transaction with a higher tier participant? At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that-- (a) You failed to disclose information earlier, as required by Sec. 180.355; or (b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in Sec. 180.355.