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SNAP CERTIFICATION MANUAL – SECTION 4000 6B4700 Non-Liquid Resources

4713 Verification of Non-Liquid Resources (Excluding Vehicles) SNAP Manual 06/01/90 Non-liquid resources will be verified when the household makes application for SNAP for the first time, the household declares the resource for the first time; or information about the resource becomes incomplete, inaccurate, inconsistent, or outdated. See the Glossary definition of Verification for additional information.  NOTE: If the declared equity value of the resource makes the household ineligible, no verification will be requested. Acceptable verification of fair market value of real property located in Arkansas is a statement from the assessor in the county in which the property is located. This includes the household’s notice of reappraisal and/or a tax bill if it reflects the assessed value of the property after the reappraisal. Acceptable verification of fair market value of real property located outside Arkansas is a statement from a source knowledgeable of the fair market value of the property. Examples of such sources include local realtors, local Farmer’s Home employees, or local tax assessors. Acceptable verification of an encumbrance may include payment books, bank schedules, or a statement from the lender specifying the total principle amount of the indebtedness. Any verification of an encumbrance must specify the amount of the principle owed.

4714 Documentation of Non-Liquid Resources SNAP Manual 10/01/87 Documentation of non-liquid resources must include: a. A complete description of the non-liquid resource (This includes the legal description of real property if it is available.); b. The household’s statements regarding the fair market value of the non-liquid resource and any encumbrances; and c. A statement of whether the declared value of the non-liquid resource is questionable. If the declared value of the resource is questionable, the documentation must provide the following information: a. Why the value of the non-liquid resource is questionable; and b. The verification obtained. 40B4713 Verification of Non Liquid Resources (Excluding Vehicles)