CO’s analysis of the credit report will consider the organization’s business practices
and the potential risk associated with the practices that may have bearing on it's
ability to be a suitable payee. For additional information on determining the need
for a successor payee, see GN 00504.100.
Consider making a suitability determination if one or more of the following apply:
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•
CO advises you that there are symptoms of financial distress. Request other items
from the organization to assess the organization’s financial stability such as the
organization’s bank statements, utility bills, and rent receipts. The FO should conduct
a full suitability determination.
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•
CO advises you that D&B has limited information. If no financial information is available,
request other items from the organization to assess the organization’s financial stability
such as the organization’s bank statements, utility bills, and rent receipts.
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•
The credit report summary shows the financial information is more than two years old.
If you determine the payee continues to be suitable (poses no risk to the beneficiaries),
complete processing of the application to be a Fee-for-Service payee. Document your
determination in the RPST screen of the Representative Payee System, see MSOM INTRANETERPS
015.002.
If you determine the payee is no longer a suitable payee, develop for a new payee(s)
as described in GN 00504.100B.