Perform an Asset Verification

Use this procedure to perform an Asset Verification.

Process Steps:

The Questions – Resource page displays.
- Select Yes from the Do you want to perform Asset Verification? dropdown menu (enabled for MA only).

Click Next.
- The Asset Verification – Search page displays.

Select the desired individual from the Client dropdown menu to populate the Client Information and Disclosed Assets sections.
- The Disclosed Assets section populates with information entered on the Liquid Resources page. The VaCMS will only populate assets categorized as Financial Account and Other Liquid Resource.

AVS will not provide an immediate response.

Click the magnifying glass icon next to a Disclosed Asset to view a list of potential ABA numbers.
Select the correct ABA number, then click Add.
Repeat steps 4 and 5 for all Disclosed Assets.
Click the Disclosed Asset Verification button.
The verification results appear in a pop-up window.
Click Add Verified Resources to add the asset to the Asset Search screen and update the AVS verified Amount, AVS Verification Date and the Verification columns.

To search and verify an un-disclosed asset:

Click Un-disclosed Asset Location.
Select an asset resource in the pop-up window.
Click Add Un-disclosed Resources to add the asset to the Asset Search page as a new record. For an existing account, the details are added to the same record within the AVS Verified Amount and Verification columns.

AVS information will not replace the client provided information.

Click Next.

To view an asset history, click the radio button next to the desired asset then click View History. A read only page appears displaying the account amount and the account date for that asset. After viewing the history, the worker can close the page and return to the Search page.

Results of the Procedure:

The Asset Verification process is complete

Updated: 05/15/2015