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Department
of Human Services Families
First Online Policy Manual Individual Development Account |
Revised: |
18.5 |
VERIFICATION |
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At each eligibility renewal, the
participant must provide the quarterly statements from the bank and TNCED or
the sponsoring PIC that detail the total amount (savings + match + interest)
in the IDA. Verification of attendance
will come from the non-profit sponsor.
A participant who has left the IDA group must present the IDA
Departure Form to the caseworker to determine whether or not the participant
has retained the ability to use the matching funds. In the event of a withdrawal, the participant must provide a receipt
and/or other form of verification from TNCED or the sponsoring PIC to the
caseworker to establish that the withdrawal was used for one of the IDA
qualified purposes. In addition, the
State Office will receive a quarterly statement from TNCED for the IDA
programs regarding the IDA activity for Families First Savers. This information will be shared with each
of the county offices. |
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