DESCRIPTION
The Enterprise Income Verification (EIV) system was made mandatory in 2010. The Income Discrepancy Report identifies households, in which a tenant’s income may have been reported incorrectly. It is then the house owner’s responsibility to investigate the discrepancy, and either confirm, or settle it. Learn about EIV reporting, discrepancies and other essentials, in this webinar.
Being a house owner, you need to know what your responsibilities and duties as a house-owner are. Under the Department of Housing and Urban Development’s (HUD) EIV system, you are required to investigate discrepancies in a tenant’s reported income. It is difficult for house owners and other individuals to stay abreast of latest changes and to understand what they mean. During this webinar, our speaker will walk you throw the EIV system, and explain your responsibilities and duties, and what you need to do to meet the HUD’s expectations.
Once you learn of a discrepancy in a tenant’s income, you must investigate it, to determine whether it is valid. In the meanwhile, you may not suspend, terminate, reduce, deny rental assistance, or take any other adverse action against the tenant in question, based solely on the EIV data.
If the tenant disputes the EIV data, it is your responsibility to independently verify the information by consulting a third party, and obtaining verification directly from them. Other important subjects covered in the webinar include how to investigate an income discrepancy, what to do and what not to do in case the discrepancy is verified, and others.
Webinar attendees will be provided handouts to help them make the most of the training session.
Training Highlights:
- Learn how to investigate and confirm discrepancies in a tenant’s income report
- Learn how to determine whether a discrepancy is valid
- Learn what you must and must not do, based on the data in EIV
- Find out what to do when you spot a discrepancy, or when the tenant disputes the data in EIV
- Find out how you can settle current discrepancies in the EIV system, by consulting a third party
Who will benefit:
The following people will benefit from, and should therefore attend, this webinar:
- Property Owners
- Property Managers
- Compliance Staff
- Compliance Professionals
- Leasing Agents
