CAIVRS may be accessed Monday through Saturday, 8:00 a.m.
to 10:00 p.m. ET (11:00 a.m. to 1:00 a.m. PT). CAIVRS is not available on
Federal holidays. To learn
more about CAIVRS:
If
you are with a participating agency or authorized lending institution: If
you have a question, please email
us . If you need further assistance, contact the CAIVRS Administrator at (301)
292-1661. CAIVRS was developed by the Department of Housing and Urban
Development in June 1987 as a shared database of defaulted Federal debtors, and
enables processors of applications for Federal credit benefit to identify individuals
who are in default or have had claims paid on direct or guaranteed Federal loans,
or are delinquent or other debts owed to Federal agencies. In 1989, the Office of Management and Budget set as a
performance goal that certain program agencies and their authorized financial
institutions should use CAIVRS to conduct prescreening to determine a loan applicant's
credit status with the Federal Government. The purpose of this methodology would
enable the program agencies to prescreen their borrowers and to broaden the Federal
Government's base in determining an applicant's creditworthiness. Some non-tangible
factors are: - Verifying that loan applicants are not in default or delinquent
on direct or guaranteed loans of participating Federal programs as required by
OMB
Circular A -129. - Providing authorized users with a means to prescreen applicants
for Federal credit benefit, to avoid extending benefits to individuals who are
credit
risks. - Demonstrating to the public the Federal Government's commitment
to collecting delinquent debt and the importance of meeting Federal
obligations. |