Privacy Act of 1974; Establishment of a New System of Records

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Pursuant to the provisions of the Privacy Act of 1974 (5 U.S.C. 552a), as amended, the Department of Housing and Urban Development (HUD) is giving notice that it proposes to establish a new system of records entitled Independent Public Accountant Quality Assurance Files which will be used in performing quality assurance reviews on the audited Financial Data Sheets and Automated Financial Submissions submitted to the Real Estate Assessment Center (REAC) either directly, or by the Independent Public Accountants (IPAs) of certain Public Housing Authorities (PHAs) and FHA-insured, direct loan, HUD-held or assisted multifamily property owners.