SAMS-1120 Funds Reclassification

Single Family Acquired Asset
Management System (SAMS)

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

Funds Reclassification

Note: Retain a copy of the reclassification form and a copy of all supporting documents, e.g., forms SAMS-1100, SAMS-1103, SAMS-1106,
wire transfer confirmation, etc., in the Case File. To prevent continuing errors, inform closing agent / HUD staff of all errors.
Send the completed form to: HUD, Single Family Acquired Assets Branch, HWAFPA, P.O. Box 44813, Washington, DC 20026-4813
1. HOC Area Identifier (2 characters)

2. HOC Area Name

3. Name of M&M Contractor

4. Type of Reclassification (check one)
Wire Transfer

Lockbox

Disbursement

5. Journal Entry Identification Number (JE ID)

6. Incorrect Entry (enter information exactly as shown in SAMS)
a. FHA Case Number

b. Post Code

c. Amount

7. Correct Entry (enter information as it should appear in SAMS)
a. FHA Case Number

b. Post Code

c. Amount

d. Unit Number (rent related transactions only)

e. Lease Number (rent related transactions only)

8.Justification for Reclassification (check only one)
Closing Agent's NAID
a.
Closing Agent Error
Bank's ABA Number
b.

Sending Bank Error

c.

M&M Contractor Error

d.

Other, e.g., EM Forfeiture

Explain
Explain

9. Preparer's Signature (M&M/HOC staff)

10. Title

11. Phone Number (area code)

12. Date (mm/dd/yyyy)

13. Reviewer's Signature (M&M/HOC Supervisor)

14. Title

15. Phone Number (area code)

16. Date (mm/dd/yyyy)

17. Comments (Optional)

For Headquarters Use Only
After funds are reclassified, attach a copy of the Case Accounting History (ACHI) Report to this form.
Reclassification Journal Entry Identification Number (JE ID)

Entered by

Date (mm/dd/yyyy)

X
Previous editions are obsolete

Page 1 of 2

form SAMS-1120 (09/2002)
ref Handbook 4310.5

Instructions for Completion of Form SAMS-1120 (Please use typewriter or print in ink)
1.

HOC Area Identifier: Enter the two-digit HOC Area Identifier (e.g., P1 for Philadelphia Area 1).

2.

HOC Area Name: Enter the HOC Area Name (e.g., Philadelphia Area 1).

3.

Name of M&M Contractor: Enter the business name of the
M&M Contractor.

4.

Type of Reclassification: Check the appropriate box (either
Wire Transfer, Lockbox, or Disbursement) to identify the
type of reclassification.

5.

Incorrect Entry: Enter the following information exactly
as it is shown in SAMS:
a. Case Number
b. Post Code
c. Amount

FHA case number
Post code
Transaction amount

Previous editions are obsolete

Correct Entry: Enter the following information as it should
appear in SAMS:
a. Case Number
b. Post Code

c. Amount
d. Unit Number

Journal Entry ID: Enter the journal entry identification
number (JE ID) associated with the original posting to the
journal.
The JE ID for both collection and disbursement reclassifications can usually be found on the Case Accounting History
Report (ACHISD). The JE ID for collections received with
either an invalid or no case number can be found on the
Unapplied Cash Report (CLUCSD). JE IDs for collection
reclassifications can also be found on the following reports:
Unmatched Sales Proceeds (CLUMSD), Wire Posting
(CLWPSD), and Lockbox Posted (CLLPSD).

6.

7.

e. Lease Number
8.

FHA Case Number
When correcting collection post codes,
refer to the list on the form SAMS-1100.
When correcting disbursement post
codes, refer to the list shown on the
form SAMS-1106.
Transaction amount
Unit number, for rent related transactions only
Lease number, for rent related transactions only

Justification: Check the appropriate box and enter requested information.

9.-12. Preparer's Signature: Enter the signature, title, and
phone number of the person who completed the form and
the date prepared.
13.-16. Reviewer's Signature: Enter the signature, title, and
phone number of the M&M/HOC Supervisor or designee
approving this form and date form is approved and sent to
Headquarters.
17.

Comments: Optional

Need Help?

Page 2 of 2

If you have questions about reclassifying funds
or the completion of this form, call your HOC
Government Technical Representative (GTR)
or Government Technical Monitor (GTM).
GTRs and GTMs may call the Single Family
Acquired Assets Branch Desk Officer for assistance.

form SAMS-1120 (09/2002)
ref Handbook 4310.5