2.6.2 Definitions

• A. The following definitions shall apply to this Chapter:

1. Borrower: Includes, but is not limited to, the GP, LP or managers and members of an LLC of the borrowing entity, its principals and affiliates.

2. Borrower’s Counsel: Includes, but is not limited to, any attorney or support staff employees who are a partner, member, or employee of the law firm, and applies to firms and solo practitioners.

3. Borrower’s Team: Includes the Borrower, Borrower’s counsel, General Contractor, subcontractor, Architect, seller of the land, seller of the property, a third-party consultant providing reports supporting the transaction, any affiliates of the Borrower’s Team or any parties related to the Borrower’s Team.

4. Family Relationship/Family Members: Includes spouses, parents, siblings, brothers, stepbrothers, sisters, stepsisters, sons, stepsons, daughters, stepdaughters, legally adopted sons or daughters, foster children, grandparents, grandchildren, aunts, uncles, mothers-in-law, fathers-in-law, brothers-in-law and sisters-in-law.

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5. Financial Interest/Financial Relationship: Includes any current or contingent ownership, equity or security interest in real or personal property or in a business, as well as any indebtedness, compensated employment and fiduciary relationship.

6. Gift: Includes any gratuity, favor, discount, entertainment, hospitality, loan, forbearance, or other item having monetary value, including services as well as gifts of training, transportation, local travel, lodgings, and meals. Gifts can be provided in-kind, by payment in advance, or by reimbursement after the expense has occurred.

7. MAP Lender: Includes the Lender’s officers, directors, partners, principals, stockholders, affiliates, affiliate’s officers, affiliate’s principals or any contract employees working on a particular affiliate’s or principal’s MAP application and, unless otherwise specified, includes the FHA-approved MAP Lender, its parent company, subsidiaries, affiliates and any other related entities, and any officers, directors, partners, members or employees of the MAP Lender, its affiliates and other related parties.

8. Prohibited Source: Means any person who: a) is seeking official action by HUD, b) does business or seeks to do business with HUD, c) conducts activities regulated by HUD; d) has interests that may be substantially affected by performance or nonperformance of the HUD employee’s official duties, or e) is an organization a majority of whose members are described in (a) through (d) and also includes any people who have a family relationship with the prohibited sources.