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(2) give the reason for the overpayment; and

(3) specify whether repayment is being requested or required; if repayment is required, the division shall specify what further actions will be taken by the division if repayment is not made. (f) A current recipient may choose to repay the entire amount of an overpayment in

(1) a single payment; or

(2) monthly installment payments; if a current recipient chooses to repay by installment payments, the division shall withhold from the recipient’s future assistance payments an amount equal to 10 percent of the recipient’s monthly assistance amount or $10, whichever is more; to calculate the amount withheld, the division shall multiply the monthly assistance payment before withholding by 10 percent and round that amount to the nearest dollar; if the monthly assistance payment before withholding is less than $10, the entire assistance payment shall be withheld. (g) Within 30 days of the date printed on the overpayment notice, a current recipient who is required to repay an overpayment under (d) of this section shall repay the entire amount of the overpayment to the division. If the repayment is not timely made, the division shall reduce the recipient’s future assistance payments by using the formula set out in (f) of this section. (h) The division may suspend withholding under (f) or (g) of this section for up to three months upon receipt of evidence that the loss of assistance to a current recipient would result in extreme economic hardship to the recipient. (i) A former recipient may choose to repay the entire amount of an overpayment

(1) in a single payment;

(2) in monthly installment payments of no less than 10 percent, or quarterly installment payments of no less than 30 percent, of the monthly assistance payment received by the individual for the last month for which assistance was received; or

(3) through a valid legal assignment to the division of the individual’s permanent fund dividend. (j) A former recipient may choose a combination of payment options in (i) of this section as long as the total annual repayment amount will be at least equal to the total annual repayment amount that would be paid if only the option in (i)(2) of this section was selected. A former recipient who selects the repayment option in (i)(3) of this section is required to execute a new valid assignment of each year’s permanent fund dividend until the overpayment is recovered in full. (k) If the division determines that a former recipient will suffer extreme economic hardship if the former recipient is required to repay the amount required under (i)(2) of this section, the division may