What must I do if I learn of information required under § 180.355 after entering into a covered transaction with a higher tier participant?

§ 180.355 after entering into a covered transaction with a higher tier participant? 180.365 Section 180.365 Grants and Agreements Office of Management and Budget Guidance for Grants and Agreements OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS Reserved OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) Responsibilities of Participants Regarding Transactions Doing Business With Other Persons Disclosing Information-Lower Tier Participants § 180.365 What must I do if I learn of information required under § 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 § 180.355; or (b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in § 180.355.