What is a 50058 HUD?

What Is Form 50058? Form 50058 is a module of IMS/PIC, a system that collects, stores, and generates reports on families who participate in Public Housing or Section 8 rental subsidy programs.

How do you void a 50058 Picture?

Tip: If a form that was submitted to PIC needs to be changed it can be voided by submitting a void type 50058 form or it can be replaced with a 50058 form with the same effective date.

How do you fix a HUD picture error?

The HOH SSN or AID can be corrected in one of two ways:

  1. If it is the first report for the HOH, the user can VOID and resubmit a corrected Form 50058.
  2. When the HOH appears in the Invalid Tenant ID Report, change all instances of the incorrect SSN or AID using the Tenant ID Management tool.

What is a pic error?

Next: Identifying Files with Form-50058 Submission Errors. Submission errors occur when housing authorities (HAs) submit incompatible or incomplete Form-50058 files to PIC. Vendor software programs, or their users, often generate these types of files.

Where can I get HUD forms?

Official HUD forms used in all programs and other commonly used forms are available online to print and download. Printed forms can be ordered online through the Direct Distribution System or by telephone at (800) 767-7468.

What does HUD PIC stand for?

Inventory Management System (IMS)/PIH Information Center (PIC) | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

How do I read a HUD statement?

Look at the first page of the HUD statement. Look over the basic details in Part B, such as your name, the seller’s name and the property address. Read sections J and K, which give a summary of the total amounts owed from or due to the borrower or seller.

What replaced the HUD-1 Settlement?

The Closing Disclosure combines and replaces the HUD-1 Settlement Statement and the final Truth-in-Lending (TIL) statement. The form mirrors the information provided on the Loan Estimate.

What is PIC housing?

IMS/PIC enables Housing Authorities to update their data online. This allows field personnel to focus on providing assistance to Housing Authorities and reduces the burden of paper submission and data entry. IMS/PIC also enables Local HUD Offices to focus on upholding fair housing practices.

What does HUD CPD stand for?

Community Planning and Development
The Office of Community Planning and Development (CPD) seeks to develop viable communities by promoting integrated approaches that provide decent housing, a suitable living environment, and expand economic opportunities for low and moderate income persons.

Does the seller get a HUD statement?

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. In transactions that do not include a seller, such as a refinance loan, the settlement agent may use the shortened HUD-1A form.

What is a tax HUD statement?

The HUD-1 Settlement Statement is a breakdown of the expenses home sellers and homebuyers incur in a real estate sale. The settlement statement gives both parties a full picture of the expenses attached to the transaction.

What do you need to know about form 50058?

Form 50058 What Is Form 50058? Form 50058 is a module of IMS/PIC, a system that collects, stores, and generates reports on families who participate in Public Housing or Section 8 rental subsidy programs.

When did HUD issue PIH notice 2011-65?

On November 30, 2011, HUD issued PIH Notice 2011-65 on “Timely Reporting Requirements of the Family Report (form HUD-50058 and form HUD-50058 MTW) into the Public and Indian Housing Information Center.” This notice states:

How many forms can I upload to HUD?

For practical reasons, we recommend that you do not upload more than 1,000 forms or 5 Megabytes of data in the same file. Larger files with many errors may exceed the maximum file size of the error report. You may upload as often as you choose.

Do you have to correct fatal errors on form 50058?

Warning errors are processed normally by IMS/PIC Form 50058. The warning is calling the user’s attention to an unusual value that may be incorrect. If it is incorrect, it should be corrected. If the value originally entered is in fact correct, then no further action is necessary. Do I have to correct fatal errors?