Inquiry Routing & Information System (IRIS)
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transaction of a charge off amount
Published 08/10/2012 08:57 AM | Updated 06/27/2017 08:08 AMWill VA need to see the transaction of a charge off amount (previously buydown) on the transaction history for a post-audit? In addition, the claims portion in VALERI has a section for reporting a "buydown" as a credit on the claim. Does the charge off amount need to be reflected in this section of the claim in order for payment?
The charge off amount is not required to be presented on the history. Also, the buydown on the claim is any previous buydown that was completed prior to your go-live date in VALERI.