Privacy Act of 1974; System of Records

Issuing agencies

Abstract

Under the provision of the rivacy Act of 1974, as amended, the Department of Housing and Urban Development (HUD), Office of Single Family Acquired Assets Management Branch, is modifying system of records titled " Single Family Acquired Assets Management System (SAMS)". The Single Family Acquired Assets Management System (SAMS) handles Management and accounting functions for HUD's inventory of insured owned single-family properties for sale, or maintained as, Real Estate Owned (REO) properties. This system of records is being revised to make clarifying changes within: System Location, System Manager, Record Authority for Maintenance of the System, Purpose of the System, Categories of Individuals Covered by the System, Categories of Records in the System, Records Source Categories, Routine Uses of Records Maintained in the System, Retrieval of Records, and Retention and Disposal of Records, and make general updates to the remaining sections to accurately reflect management of the system of records in accordance with the Office of Management and Budget (OMB) Circular A108, Federal Agency Responsibilities for Review, Reporting, and Publication under the Privacy Act.