415.13 Verification of Property Transfers (FSM)

SR 94-04 Dated 04/94

Previous Policy

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The individual must provide third-party documentation to verify the transfer or disposal of property and one of the following:

• that fair market value was derived from the transfer; or

• that resources were transferred for purposes other than qualifying for assistance.

Presume resources were transferred for the purposes of qualifying for assistance if the individual fails or refuses to document that the property was not transferred for purposes of qualifying for assistance. Deny or terminate assistance in accordance with the appropriate penalty periods.

 

References: RSA 161:2, XIII; RSA 161:4-a, IV; RSA 167:4, I(a); RSA 167:7, IV; 7 CFR 273.2(a)(2) and (f)(2)(i); 7 CFR 273.8(h); 7 USC 2015(h)