Under
what legal authority is CAIVRS implemented?
Title
31, United States Code, Section 3720B bars "delinquent Federal
debtors from obtaining Federal loans or loan insurance guarantees."
The Office of Management and Budget (OMB) has mandated that all
Federal Credit agencies prescreen all applicants for non-delinquency
in Federal debt, and, if practical, do the prescreening through
a system of shared data. CAIVRS provides a single repository of
delinquent Federal debtor records with easy access through a variety
of media and over 61 thousand authorized user IDs from HUD, USDA,
VA, SBA, FDIC, and the Departments of Education and Justice. Most
credit bureau reports do not identify insured debts as being delinquent
Federal debts. CAIVRS is the only system of shared delinquent Federal
debtor records currently available to support the OMB mandate. CAIVRS
authority derives from Public Law 100-503, "The Computer Matching
and Privacy Protection Act of 1988," as amended; Office of
Management and Budget (OMB) Circulars A-129 (Managing Federal Credit
Programs) and A-70 (Policies and Guidelines for Federal Credit Programs);
the Budget and Accounting Acts of 1921 and 1950, as amended; the
Debt Collection Act of 1982, as amended; the Deficit Reduction Act
of 1984, as amended, and the Debt Collection Improvement Act of
1996, as amended. CAIVRS supports the FHA/Single Family Home Ownership
Centers (4) HUD 2020 Reform Initiatives.
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