New Policy for Social Security Payments and Direct Express Cards

If you have residents who still receive a paper check for Social Security or other federal benefit payments, they were required by law to switch to an electronic payment method by March 1, 2013. In order to remain consistent with HUD regulations, benefits received through direct deposit or the Direct Express Debit Card will continue to be treated as income since the payment is a regular periodic payment.

Full Article Access:

Full access to complete articles from Assisted Housing Management Insider is for subscribers only.

Not yet ready to subscribe?

Topics