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Electronic Questionnaires for Investigations Processing (e-QIP)

Frequently Asked Questions... about Financial Disclosure Form (SF-714)

Sections include:

Overview;  |  Employee Identification;  |  Annual Income;  |  Bank Accounts;  |  Investment Accounts;  |  Owned Real Estate;  |  Owned Vehicles, Boat, Airplanes, Other;  |  Real Estate You Lease or Rent From Another;  |  Leased Vehicles, Boats, Airplanes, Other;  |  Other Assets;  |  Mortgages, Loans and Other Liabilities;  |  Credit Cards;  |  Additional Income/Bankruptcy;  |  Safe Deposit Box;  |  Comments;  |  Certification;

Mortgages, Loans, and Other Liabilities

1. For my monthly mortgage payment, do I report the minimum payment or the amount I actually pay (I always pay extra principal)?
2. I purchased my house in the year 2000 and my original mortgage balance was $200,000. I just refinanced my mortgage this year for $195,000. How do I report this?
3. I have a home equity loan and my monthly payments vary depending upon my current balance. What amount should I report for a monthly payment?
4. Where do Federal employees report their Thrift Savings Plan (TSP) loan?
5. What amount do I report for an initial line of credit original balance?
6. Our daughter attends a private pre-school, and I'm wondering if/how to report that as "Tuition". There is a fee for the entire school year. Does this count as tuition for the purposes that this form is looking for?
7. Every month I pay $500 in alimony and $200 for child support. How do I report this?

1. For my monthly mortgage payment, do I report the minimum payment or the amount I actually pay (I always pay extra principal)?

   Answer: Report your actual monthly payment in 10g. Monthly Payment.

2. I purchased my house in the year 2000 and my original mortgage balance was $200,000. I just refinanced my mortgage this year for $195,000. How do I report this?

   Answer: Report the $200,000 as the original balance. In the Additional Comments box, explain that you refinanced during the year in the amount of $195,000.

3. I have a home equity loan and my monthly payments vary depending upon my current balance. What amount should I report for a monthly payment?

   Answer: Add up the total amount paid during the calendar year and then divide that total by the number of monthly payments made to arrive at the monthly payment amount.

4. Where do Federal employees report their Thrift Savings Plan (TSP) loan?

   Answer: TSP loans are reported in Section 10: Mortgages, Loans and Other Liabilities.

5. What amount do I report for an initial line of credit original balance?

   Answer: Report the amount that you actually utilize. For example, if your line of credit is for $50,000 and you only utilize $30,000; report the $30,000. If you do not utilize your line of credit, do not report it.

6. Our daughter attends a private pre-school, and I'm wondering if/how to report that as "Tuition". There is a fee for the entire school year. Does this count as tuition for the purposes that this form is looking for?

   Assuming that the year-end balance is $500 or more, you should report the fee as tuition.

7. Every month I pay $500 in alimony and $200 for child support. How do I report this?

   Answer: Other liabilities should only be reported if the year-end balance is $500 or more; therefore, the $200 monthly child support should not be reported. For the alimony payment, since you pay $500 every month, it should be reported. Report $500 in the following questions: 10e. Original Balance; 10f. Year-End Balance and; 10g. Monthly Payment.

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