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Required Reporting <br />HUD regulations give SARA the freedom to determine the circumstances under which families <br />will be required to report changes affecting income. <br />Families are required to report all increases in earned income, including new employment, within <br />14 days of the date the change takes effect. <br />11-II.D. PROCESSING THE INTERIM REEXAMINATION <br />Method of Reporting <br />The family must notify SARA of changes in writing. SARA provides a Change Report Form for <br />t is purpose. <br />Generally, the family will not be required to attend an interview for an interim reexamination. <br />However, if SARA determines that an interview is warranted, the family may be required to <br />attend. <br />Based on the type of change reported, SARA will determine the documentation the family will <br />be required to submit. The family must submit any required information or documents within 14 <br />days of receiving a request from SARA. This time frame maybe extended for good cause with <br />SARA approval. SARA will accept required documentation by mail, by fax, or in person. <br />Effective Dates <br />SARA must establish the time frames in which any changes that result from an interim <br />reexamination will take effect [24 CFR 982.516(4)]. The changes maybe applied either <br />retroactively or prospectively, depending on whether there is to be an increase or a decrease in <br />the family share of the rent, and whether the family reported any required information within the <br />required time frames [HCV GB, p. 12- l o] . <br />If the family share of the rent is to increase: <br />The increase generally will be effective on the first of the month following 3 0 days' <br />notice to the family. <br />If a family fails to report a change within the required time frames, or fails to provide all <br />required information within the required time frames, the increase will be applied <br />retroactively, to the date it would have been effective had the information been provided <br />on a timely basis. The family will be responsible for any overpaid subsidy and maybe <br />offered a repayment agreement in accordance with the policies in Chapter 16. <br />If the family share of the rent is to decrease: <br />The decrease will be effective on the first day of the month following the month in which <br />the change was reported. Incases where the change cannot be verified until after the date <br />the change would have become effective, the change will be made retroactively. <br />~~02~12 Page 11-7 <br />