Common use of VERIFICATION AND OPPORTUNITY TO CONTEST Clause in Contracts

VERIFICATION AND OPPORTUNITY TO CONTEST. A. Consistent with OMB guidance, published at 54 FR 25818, 25827 (June 19, 1989), VBA will combine the independent verification and notice requirements for VBA applicants and beneficiaries into a single step as explained in paragraphs B and C below. VBA expects that compressing these two steps will reduce the overpayments and underpayments created by delays in processing the match. Records of payments reported as being made by any component of the Department of Treasury, including interest on Federal tax refunds, do not require separate verification. While such reports are considered verified upon receipt by VBA, they are return information subject to all of the use and disclosure restrictions provided in IRC 6103, IRS Publication 1075, Tax Information Security Guidelines for Federal, State, and Local Agencies, and this Agreement.