Finding Text
Finding 2022-003 Finding Resolution Status: Resolved Population Size: 20 Sample Size: 4 Noncompliance Information: I tested four tenant move-out files and found noncompliance in two files. Condition: The tenant security deposit for units 516-C and 604-A were not refunded within thirty days. Criteria: HUD requires tenant security deposits be refunded within 30 days, or the statute set by the state, whichever is shorter. Effect: The tenant security deposit was not refunded within the required time frame. Cause: Management oversight. Recommendation: Management should establish procedures to make sure to refund all security deposits within the thirty-day time frame. Questioned Costs: -0-