Ola Properties Inc. v. United States Department of Housing & Urban Development

PER CURIAM: *

Ola Properties, Inc. (“Ola”), and its President, Afisu Olabimtan, petition for review of an administrative decision of the United States Department of Housing and Urban Development (“HUD”) imposing civil monetary penalties against them under 12 U.S.C. § 1735f-15(e). We deny the petition.

I

Ola purchased Wynnewood Gardens Apartments, a multifamily property in Dallas, Texas, with the proceeds from a HUD loan. In January 1997, Olabimtan, as President of Ola, signed a regulatory agreement which imposed, inter alia, a duty to file annual financial statements in accordance with HUD’s…