The purpose of a qualified income verification agent is to allow financial information submitted by an applicant to comply with paragraph (D)(10) of rule 3301-11-05 of the Administrative Code and qualify for financial assistance under a local financial assistance program to also generate the income verification information required under paragraph (C) of rule 3301-11-05 of the Administrative Code. The department of education may receive applications to become a qualified income verification agent from any entity that meets all of the following conditions:
(A) Has an agreement with a school listed pursuant to rule 3301-11-11 of the Administrative Code, and the school either individually or collectively with other schools administers or participates in a local financial assistance program;
(B) Pursuant to the agreement described in paragraph (A) of this rule, receives financial information from families seeking to receive financial assistance from the local financial assistance program; and
(C) Pursuant to the agreement described in paragraph (A) of this rule, provides to the school or the school's affiliated organization, information and analysis relative to the financial information described in paragraph (B) of this rule to assist in making financial assistance determinations.
The department of education shall develop the procedures and criteria, including appropriate audit requirements, that shall be used to qualify such agents. The procedures shall include protocols to check the computational accuracy of such agents. The criteria shall include provisions that ensure the confidentiality of applicant financial information. The department may publish and maintain a list of agents so qualified. The department of education may utilize the information and analysis provided by any qualified income verification agent in making determinations relative to applicant family income required to administer this chapter.
The department shall develop a fee schedule of amounts it shall pay for such income verification services. Such amounts shall be used to defray the costs that would otherwise be incurred by applicants in applying for local financial assistance programs.