Information about Joint Checking/Savings Account

ICR 201212-0960-007

OMB: 0960-0461

Federal Form Document

Forms and Documents
ICR Details
0960-0461 201212-0960-007
Historical Active 201002-0960-020
SSA
Information about Joint Checking/Savings Account
Revision of a currently approved collection   No
Regular
Approved without change 06/05/2013
Retrieve Notice of Action (NOA) 04/03/2013
  Inventory as of this Action Requested Previously Approved
06/30/2016 36 Months From Approved 07/31/2013
200,000 0 200,000
23,333 0 23,333
0 0 0

SSA considers a person's resources when evaluating eligibility for SSI payments and generally we consider funds in checking and savings accounts to be resources owned by the individuals whose names appear on the account. SSA uses Form SSA-2574 to collect information from SSI applicants/recipients who object to our assumption they own all or part of the funds in accounts bearing their names. We collect information about the account from both the SSI applicant/recipient and any other account holder(s) listed on the account. SSA requires these statements regarding ownership to determine whether the account is a resource of the SSI claimant. Respondents are applicants and recipients of SSI and individuals who are joint owners of financial accounts with SSI applicants/recipients.

US Code: 42 USC 1382 Name of Law: Social Security Act
  
None

Not associated with rulemaking

  77 FR 76591 12/28/2012
78 FR 17276 03/20/2013
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 200,000 200,000 0 0 0 0
Annual Time Burden (Hours) 23,333 23,333 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$848,050
No
No
No
No
No
Uncollected
Faye Lipsky 410 965-8783 faye.lipsky@ssa.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/03/2013


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