; and (2) upon approval by the Director, carry out such plan. If the Director disapproves a capital restoration plan submitted under this subsection, the Director shall convey in writing reasons for such disapproval and shall provide for the FHA to resubmit a revised plan for approval by the Director. 218. Enforcement (a) Grounds The Director may take actions under subsection (b) only if— (1) the account for the Mutual Mortgage Insurance Fund established pursuant to section 216(a)(1) is classified under section 217(a) as significantly undercapitalized; (2) the account for the Mutual Mortgage Insurance Fund established pursuant to section 216(a)(1) is classified under section 217(a) as undercapitalized and— (A) the FHA does not submit a capital restoration plan that is substantially in compliance with section 217(c) within the applicable period, or the Director disapproves the capital restoration plan submitted by the FHA; or (B) the FHA has failed to make, in good faith, reasonable efforts necessary to comply with the capital restoration plan; or (3) the FHA is engaging or has engaged, or the Director has reasonable cause to believe that the FHA is about to engage in— (A) any conduct that is likely to threaten the adequacy of the capital of the account for the Mutual Mortgage Insurance Fund established pursuant to section 216(a)(1); (B) any failure to comply with any written agreement entered into by the FHA with the Director; or (C) any failure to comply with any request by the Director for a report, data, or information under section 214(b). (b) Actions The Director may, under this subsection, require the FHA— (1) to cease and desist from any conduct or activity that— (A) with respect to the account for the Mutual Mortgage Insurance Fund established pursuant to section 216(a)(1), is described in paragraph (2) or (3) of subsection (a), or that contributes to the condition described in subsection (a)(1)