; and (2) not more than $1,000,000 may be paid as an indemnity for any single event. (i) Amendments to Housing Act of 1949 Section 501 of the Housing Act of 1949 ( 42 U.S.C. 1471 ) is amended by adding at the end the following new subsections: (k) Authority of Chief Risk Officer of FHA The Chief Risk Officer of the FHA appointed pursuant to section 525(b) of the Protecting American Taxpayers and Homeowners Act of 2018 shall be solely responsible for all matters relating to evaluating, managing, and mitigating risk to the programs under this title for making, insuring, and guaranteeing housing loans and ensuring the performance of such housing loans. (l) Authority of Chief Technology Officer of FHA The Chief Technology Officer of the FHA appointed pursuant to section 525(c) of the Protecting American Taxpayers and Homeowners Act of 2018 shall be solely responsible for all matters relating to information technology management relating to the programs under this title for making, insuring, and guaranteeing housing loans. . 526. Financial, underwriting, and operations systems (a) In general The FHA shall develop, maintain, lease, or acquire such financial, underwriting, and operations systems as may be necessary to carry out the responsibilities of the FHA. Such systems shall be designed and developed in a manner so that such systems shall also be used for the financial, underwriting, and operations systems, respectively, of the programs under title V of the Housing Act of 1949 for making, guaranteeing, and insuring rural housing loan programs. (b) Use by Rural Housing Service programs (1) Availability All financial, underwriting, and operations systems of the FHA shall be available for use by the FHA to the extent necessary to ensure compliance with section 501(m) of the Housing Act of 1949 ( 42 U.S.C. 1471(l) ). (2) Use Section 501 of the Housing Act of 1949 ( 42 U.S.C. 1471 ), as amended by the preceding provisions of this title, is further amended by adding at the end the following new subsection: (m) Use of FHA