Finding Text
2022 ? 002 Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 223(f) HUD Insured Mortgage ALN: 14.155 Award Period: 2022 Type of Finding: Significant Deficiency Condition: The Organization did not refund a tenant their security deposit within 30 days of move-out. Criteria: Security deposits must be refunded to the tenant within 30 days of moving out. Questioned costs: $374 Context: During eligibility testing, it was determined that one tenant, out of six tenant move-outs tested, did not receive their security deposit refund within 30 days of moving out. Effect: Security deposit was not refunded to a tenant within 30 days of move-out. Cause: The Organization failed to ensure proper review and oversight of tenant move-outs. Recommendation: We recommend that management review tenant move-outs to ensure timely refund of any security deposits owed. Views of Responsible Officials: Executive management agrees with this finding, and has provided additional training to employees responsible for processing move outs. Repeat Finding: No