Va Waiver Form
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What is the purpose of the VA form 5655?
PRIVACY ACT NOTICE: The information you furnish on this form is almost always used to determine if you are eligible for waiver of a debt, for the acceptance of a compromise offer or for a payment plan. Disclosure is voluntary.
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How to waive VA compensation?
However, a Veteran may, on his/her own initiative, notify VA of his/her receipt (or anticipated receipt) of drill pay, and whether he/she chooses to waive VA benefits or drill pay, by completing and submitting VA Form 21-8951-2, Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances.
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What is a VA form 5655 used for?
VA Form 5655, Financial Status Report, is used to determine eligibility for waiver of collection, for the acceptance of a compromise offer or for a payment plan. VA collects debts as authorized in 31 USC 3711 and 3716 – 3718, 38 USC 5314 and 5316 and 5 USC 5514.
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What is a VA waiver?
0:51 4:28 Today I just want to focus on the VA waiver a neat little interaction between military pension. AndMoreToday I just want to focus on the VA waiver a neat little interaction between military pension. And VA disability all right so this comes out of section 5304 of title 38 in U.S code you can't get more
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How do I get my VA debt waived?
To request either of these options, you'll need to send us these 2 items: A Financial Status Report (VA Form 5655) A personal statement that explains why you feel you shouldn't have to repay the debt. For a compromise offer, include how much you're offering to pay. Don't send payment with your offer.
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How do I get my VA debt forgiven?
You can request 1 of these 2 debt relief options: Compromise offer. This means you offer a lesser one-time lump sum amount as full payment of the debt. If we accept your request, you'll have to pay the one-time amount within 30 days. Waiver. This means you ask us to forgive (or “waive”) part or all of the debt.
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Does the VA forgive overpayments?
How do I get my overpayments waived or cancelled? If you believe you have received an overpayment notice in error, then you may request a waiver to terminate collection action on a debt. If a waiver is granted in full or part, you will not be required to pay the amount that was waived.
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What does the VA consider financial hardship?
Minor hardships are insufficient; the VA needs to find that the financial hardship is “extreme.” Getting collection notices from credits, facing eviction or foreclosure, needing to file bankruptcy, or having your utilities cut off – these extreme conditions may be sufficient for expedited treatment of your disability ...
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