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PB Home  Back to OMM/OCFS/OTDA Materials: INFs Issued by OTDA    
Attached Document:
92_inf-07.pdf


OMM/OCFS/OTDA Materials: INFs Issued by OTDA

92 INF-7: Verification of Information Maintained by Banks and Financial Institutions
The purpose of this release is to inform local social services districts of
a change in the Social Services Law (specifically the addition of Section
144-a; see Attachment I) that should make it easier to obtain verification
of resource information from banks and other financial institutions.
Districts usually become aware of this type of resource either directly from
the client or as a result of the IRS-1099 computer match. The 1099
information is unearned income that has been reported to the Internal
Revenue Service and primarily consists of interest and dividends. This
information is transmitted to local districts on approximately a monthly
basis for applicants and once a year for undercare cases. As stated in
previous Department releases, districts are responsible for evaluating and
appropriately resolving all resource information. Accordingly, specific
steps should be taken by districts to contact clients and, if necessary,
make collateral contacts to resolve discrepancies on all new or previously
unverified information provided through the 1099 process.
 

 

Created: 10/28/2004
Updated: 10/28/2004