04 - HAADMIN PLAN 2 - Laserfiche WebLink

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The reason for the debt, including whether the debt was the result of family action/inaction or circumstances beyond the family's control The family's current and potential income and expenses The family's current family share, as calculated under 24 CFR 982.515 The family's history of meeting its financial responsibilities Execution of the Agreement Any repayment agreement between SAHA and a family must be signed and dated by SAHA and by the head of household and spouse/cohead (if applicable). Due Dates All payments are due by the close of business on the l~r day of the month. If the l~r does not fall on a business day, the due date is the close of business on the first business day after the l~r Late or Missed Payments If a payment is not received by the end of the business day on the date due, and prior approval for the missed payment has not been given by SAHA, SAHA will send the family a delinquency notice giving the family 14 days to make the late payment. If the payment is not received by the due date of the delinquency notice, it will be considered a breach of the agreement and SAHA may terminate assistance in accordance with the policies in Chapter 12. If a family receives three delinquency notices for unexcused late payments in a 12-month period, the repayment agreement will be considered in default, and SAHA will terminate assistance in accordance with the policies in Chapter 12. No Offer of Repayment Agreement SAHA generally will not enter into a repayment agreement with a family if there is already a repayment agreement in place with the family or if the amount owed by the family exceeds the federal or state threshold for criminal prosecution. Repayment Agreements Involving Improper Payments Notice PIH 2010-19 requires certain provisions to be included in any repayment agreement involving amounts owed by a family because it underreported or failed to report income: ~ A reference to the items in the family briefing packet that state the family's obligation to provide true and complete information at every reexamination and the grounds on which SAHA may terminate assistance because of a family's action or failure to act ~ A statement clarifying that each month the family not only must pay to SAHA the monthly payment amount specified in the agreement but must also pay to the owner the family's monthly share of the rent to owner ~ A statement that the terms of the repayment agreement may be renegotiated if the family's income decreases or increases iii29iio Page 16-19