General
What does HOTMA stand for?
What is the Housing Opportunity Through Modernization Act
What is the number of pay stubs for the Tax Credit Program for Indiana per HOTMA?
What is 2.
What is the bank account that we now use the average balance per HOTMA guidance?
What is a Checking Account.
What is now included for child support income?
What is actual child support received?
What is the current HUD Passbook Savings Rate?
What is .40%.
What is the highest verification type per HOTMA Guidance?
What is the Work Number Verification or otherwise known as Database Upfront Verification.
We can use SMC#34 when assets do not exceed what amount?
What is $50,000.
What gift income, per HOTMA, is now excluded?
What is gift income for Student Financial Assistance.
What does SMC stand for?
What is Sterling Management Corp.
What is the medium rank verification type for income when you cannot obtain the highest and high type form?
What is the Employment Verification form.
What is a retirement account?
What is the income type that we would use $480 for?
What is a full-time student, dependent household member, earned income OR Adoption Assistance.
Who is not included as a household member for income limit purposes?
Who is a foster child or adult?
Verifications are now good for 120 days per HOTMA Guidance, True or False?
What is False.
Note: The 90-day verification rule did not change.
A bank account is considered a Non-necessary Personal Property asset type per HOTMA guidance, True or False?
What is True.
What is Tuition, Books, Fees, Supplies, Room and Board per new HOTMA Guidance?
What is Actual Covered Costs for Financial Assistance Income.
As a current change to Sterling's policies, a single pregnant household member who is a full time student affects what rule?
What is a full time student household exception
When a household has zero income, what is the name of the form that must be completed?
What is the Zero Income & Basic Needs Questionnaire Self Affidavit.
What are the three asset types per HOTMA guidance?
What is Necessary Personal Property, Non-necessary Personal Property, and Real Property.
What is a Day Laborer, Independent Contractor, and Seasonal Worker classified as which type of income?
What is nonrecurring income.