SAMS1103 Request to Wire Transfer Funds

Single Family Acquired Asset Management System (SAMS) Request to Wire Transfer Funds	U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner	OMB Control #2502-0306 Exp (11/30/2013)

S ee back for Instructions and Public Reporting Burden Statement

Required Fedwire Information

Field Tag #				Field Contents
	Type/Subtype Code	1510		10/00
	Amount	2000
3A.	Receiver DI	3400		021030004
3B.	Receiver Name	3400		TREAS NYC
4.	Business Function	3600		CTR
5A.	Beneficiary ID Code	4200		D
5B.	Beneficiary Identifier	4200		86090300
5C.	Beneficiary Name	4200		US Department of HUD

Closing Agent. For each HUD closing, enter the requested information in blocks 6 thru 10 and present this form to your bank's wire transfer department. It is your responsibility to ensure the data are transmitted in the prescribed format. Request that your bank establish a repetitive templet for this format.

Wire Transfer Agent. Please follow these instructions:

1. Transmit each character shown below in the field contents exactly as written.

2. Do not include the preprinted informational headings, e.g., Closing Agent Business Name, Old FHA Case Number, etc., in the transmission.

3. Blank fill all lines after entering the required information. Each OBI line contains 35 characters.

4. Key verified data prior to transmission.

5. Sample transmission of OBI data: 4231!C:123-456789 123 First St.

Anywhere, CA

ABCDEF1234

F

7.

8.

5000

6000

6000

ield Tag # Field Contents

Closing Agent's Business Name
4 2 3 1	! C	Old FHA Case Number : -
Property Address
City					State
Closing Agent NAID

6.

9.

10

6000

6000

Originator Name

OBI - Line 1

OBI - Line 2

OBI - Line 3

OBI - Line 4

If you have questions regarding this request, please call: Contact Person for Closing Agent	Phone Number (include area code)

Public reporting burden for this collection of information is estimated to average 6 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information and you are not required to complete this form unless it displays a currently valid OMB control number.

This information enables HUD to record and process financial transactions in its automated Single Family Acquired Asset Management System (SAMS) to dispose of acquired single family properties. HUD reimburses property managers, closing agents, selling brokers, and trade vendors for their services in maintaining, marketing, and selling HUD homes, and HUD collects funds associated with the sales of these properties. The information enables HUD to create and maintain sound financial management practices and effective internal controls over the property disposition program. A response is required to obtain or maintain a benefit.

Treasury Financial Communications Systems (TFCS)

Instructions for Completing form SAMS-1103, Request to Wire Transfer Funds

Required Data for Bank Use Only

1. Type/Subtype Code (1510): The type/subtype code will be provided by the sending bank.

2. Amount (2000): The transfer amount will be provided by the depositor. Include decimal points, but do not include dollar signs or commas in the transfer amount.

3. Receiver DI (3400): This information contains two parts (A and B) and identifies the receiving institution provided on the form. Do not alter this information.

4. Business Function (3600): The Business Function Code describes the business purpose of the message. Sending banks should use either the Customer Transfer (CTR) or Customer Transfer Plus (CTP) Business Function Code.

5. Beneficiary (4200): This information contains three parts (A, B, and C) and identifies the ultimate party to be credited or paid. Do not alter this information.

Note: Items 3. and 5. above are of critical importance and they must appear on the funds transfer deposit message in the precise manner as stated. This will permit the automated processing and classification of the funds transfer message to the agency location code of the appropriate agency.

R equired Data from Closing Agent

6. Originator (5000): This identifies the business name of the originator of the payment order contained in the transfer and must be provided by the depositor.

7. OBI - Line 1 (6000): The nine digit old FHA case number specified on the form HUD-9548, Sales Contract. The pre­printed number 4231 identifies the Single Family Property Disposition Program. Do not alter this number.

8. OBI - Line 2 (6000): The property address of the property sold/closed.

9. OBI - Line 3 (6000): The city and State of the property sold/ closed.

10. OBI - Line 4 (6000): The closing agent’s 10 character Name and Address Identifier (NAID) provided by the local HUD Office.

form SAMS-1103 (4/97)

Previous editions are obsolete. Page 0 of 2 ref Handbook 4310.5