Veterans Affairs: Recurring Less severe Noncompliance
||First Year Reported
|Veterans Housing - Guaranteed and Insured Loans
||Veterans Affairs did not always report the required events to the U.S. Department of Veterans Affairs within the applicable reporting deadlines. Further, Veterans Affairs lacks a process to use the information in its systems to determine which borrowers no longer have delinquent payments. Finally, for the first eight months of fiscal year 2009-10, delinquent loans reported to the credit bureau were not always reported to the U.S. Department of Veterans Affairs.
|Fully corrected. Automated reporting has been created and is being tested in the live environment. This will resolve the reporting deadline issue as stated in the “findings”. Included in the automated process is the capturing and reporting of accounts that are no longer delinquent. None of these previous findings have or will have any negative impact on the department’s ability to file claims.