INCOME VERIFICATION definition

INCOME VERIFICATION. The property management agent, XxXxxxxxx Xxxxx Xxxxx Management Services, Inc., will verify tenant’s income using the Section 8 regulations for income qualification prior to move-in. XxXxxxxxx Xxxxx Xxxxx Management Services, Inc. must re-certify incomes on an annual schedule each year. City staff will monitor XxXxxxxxx Xxxxx Xxxxx Management Services, Inc. income verification files at least once per year. MONTHLY RENTS: Maximum Rents – The Maximum Rent for the affordable units cannot exceed the amounts approved by the Agency. INCOME INCREASE LIMITATIONS: An Eligible Tenant’s income cannot exceed 30%, 50% or 60% based on their income at the time of occupancy of HUD determined Area Median Family Income for a single person household at the time of initial occupancy. However, the Eligible Tenant may remain eligible even in the event that subsequent yearly income re-certifications of the Eligible Tenant’s income rises above 30%, 50% or 60% of Area Median Income for the given year. As long as the tenant is income eligible at the time of initial occupancy, they may stay year to year even if they are over income, up to 140% of maximum income level. In the event their income surpasses 140% the landlord may not renew the lease at the end of the then current lease term.
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INCOME VERIFICATION. The property management agent, XxXxxxxxx Xxxxx Management, Inc., will verify tenant’s income using the Section 8 regulations for income qualification prior to move-in. XxXxxxxxx Xxxxx Management, Inc. must re-certify incomes on an annual schedule each year. City staff will monitor XxXxxxxxx Xxxxx Management, Inc. income verification files at least once per year.
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INCOME VERIFICATION. The property management agent will verify tenant’s income using the Section 8 regulations for income qualification prior to move-in. Tenants must re-certify incomes on an annual schedule each year.
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Examples of INCOME VERIFICATION in a sentence

  • EXTENSION OF AUTHORITY FOR SEC- RETARY OF VETERANS AFFAIRS TO OBTAIN INFORMATION FROM SEC- RETARY OF TREASURY AND COMMIS- SIONER OF SOCIAL SECURITY FOR INCOME VERIFICATION PURPOSES.Section 5317(g) of title 38, United States Code, is amended by striking ‘‘September 30, 2011’’ and inserting ‘‘September 30, 2016’’.SEC.

  • UP FRONT INCOME VERIFICATION Up-front income verification is the verification of income before or during a family recertification through an independent source that systematically and uniformly maintains income information in computerized form for a large number of individuals.

  • USE OF THIRD-PARTY VERIFICATIONS TO SUPPLEMENT UP-FRONT INCOME VERIFICATION Up-front income verification replaces (to the maximum extent possible) the more time- consuming and less accurate third-party verification process of contacting individual employers identified by families or reviewing outdated income verification documents.

  • NET INCOME VERIFICATION The business must identify their net income for the last three fiscal years beginning January 1, 2017 and ending December 31, 2019.

  • ENTERPRISE INCOME VERIFICATION (EIV) POLICY AND PROCEDURES RETENTION AND DESTRUCTION POLICY All Up-front Income Verification UIV (EIV) documents will be maintained in the participants file that will be placed in a locked file cabinet.

  • ACTIVITY 2009-2: EXPEDITING INITIAL ELIGIBILITY INCOME VERIFICATION PROCESSPLAN YEAR APPROVED: FY2009 IMPLEMENTED: FY2009 AMENDED: N/ADESCRIPTION OF MTW ACTIVITYThis activity allows SCCHA to extend the time period in which application documents are valid, from 60 days to 120 days.UPDATE ON MTW ACTIVITYExtending the documentation timeframe continues to provide administrative relief, both to applicants and to SCCHA.

  • AVAILABLE UP-FRONT INCOME VERIFICATION TECHNIQUES The PHA will obtain up-front income verification through the following methods when ever possible:  Computer matching agreements with a federal, state, or local government agency, or a private agency Use of HUD’s Enterprise Income Verification (EIV) system, and Direct requests for income verifications to a federal, state, or local government or private agency.

  • INCOME VERIFICATION FOR HOMEBUYERS The Consortium must pre-approve all homebuyers prior to closing.

  • INCOME VERIFICATION: DCLT will verify tenant’s income using the Section 8 regulations for income qualification prior to move-in.

  • INCOME VERIFICATION - Grantees must verify and retain documentation of all information collected to determine a household's income.


More Definitions of INCOME VERIFICATION

INCOME VERIFICATION means Attachment No. 10 to this Agreement. “Legal Description of the Site” means Attachment No. 2 to this Agreement. “Lender’s Title Policy” is defined in Section 2.4 hereof.
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INCOME VERIFICATION means Attachment No. 12 to this Agreement.
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INCOME VERIFICATION. Some Customers requesting a loan are flagged for income verification. Income verification is completed by document verification and may require the Customer to provide a copy of their paystub and previous year’s W2. · Phone Verification/Fraud Screen: Some accounts requesting a loan are flagged for phone verification and/or fraud screen. Phone Verification is completed by database look-up of the phone number owner information and/or direct contact with the customer via the input phone. Additional fraud screening may be employed when the customer is on the phone. A Customer’s failure to pass any of the above verification procedures will result in: · Denial of the loan request; and/or · Escalation for document verification.
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INCOME VERIFICATION. The gross monthly income must be equal or greater than three times the monthly rent per household. No lease contract guarantor is permitted. All income must be verified. Income verification is required prior to the final approval of the application. The following documents must be submitted by the Applicant: last two paycheck stubs, three months of back statements showing recurring payroll deposits, last year’s income tax return.
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INCOME VERIFICATION means the process by which a household has been determined to be eligible to occupy or purchase an IRU.
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Related to INCOME VERIFICATION

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • STATUS VERIFICATION SYSTEM This “Status Verification System” requirement, also referred to as “E-Verify”, only applies to contracts issued through a Request for Proposal process and to sole sources that are included within a Request for Proposal.

  • Verification Report As defined in Section 4.19.

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • CEC Certification and Verification means that the CEC has certified (or, with respect to periods before the Project has commenced commercial operation (as such term is defined by and according to the CEC), that the CEC has pre-certified) that the Project is an ERR for purposes of the California Renewables Portfolio Standard and that all Energy produced by the Project qualifies as generation from an ERR for purposes of the Project.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Validation as used in WAC 222-20-016, means the department's agreement that a small forest landowner has correctly identified and classified resources, and satisfactorily completed a roads assessment for the geographic area described in Step 1 of a long-term application.

  • Testing means that element of inspection that determines the properties or elements, including functional operation of materials, equipment, or their components, by the application of established scientific principles and procedures.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Log means the up-to-date log that is used to track all Modifications to the Facility since the date of this Certificate as required by the Documentation Requirements conditions of this Certificate.

  • E-Verify system means an Internet-based system operated by the United States Department of Homeland Security that allows participating employers to electronically verify the employment eligibility of newly hired employees; and

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.

  • Sample means urine, blood, breath, saliva, or hair.

  • Working With Children Check or WWCC means the process in place pursuant to Relevant Legislation to screen an individual for fitness to work with Children. Relevant checks and authority

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Screening means the evaluation process used to identify an individual's ability to perform activities of daily living and address health and safety concerns.

  • Hot Weather Alert means the notice provided by PJM to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for extreme hot and/or humid weather conditions which may cause capacity requirements and/or unit unavailability to be substantially higher than forecast are expected to persist for an extended period. IDR Transfer Agreement: