VEHICLES WILL BE EVALUATED AS FOLLOWED

Fair Market Value Test (Average Trade-in Value) Fair Market Value - $4,650.00 Excess Value | Equity Test Fair Market Value - Amount owed Equity Value Producing income Includes vehicles needed to do a particular job. Includes vehicles deemed necessary by the employer. It does not include vehicles necessary for commuting to and from employment. | DO NOT count | DO NOT count Used as a home | DO NOT count | DO NOT count Transporting a physically disabled household member If disability is not evident, or if the disabled member does not receive disability payments, written proof of impairment must be produced by a physician. | DO NOT count | DO NOT count Carrying heating fuel or water When such heating fuel or water is anticipated to be the primary source of fuel and water for the household during the certification period. | DO NOT count | DO NOT count Value is inaccessible (sale would produce less than $1500) | DO NOT count | DO NOT count One vehicle per household | DO NOT count | DO NOT count One licensed vehicle per adult member | USE this Rule | DO NOT count Commuting to employment or job training or seeking employment | USE this Rule | DO NOT count Additional licensed vehicles | Count the Greater of Fair Market or Equity Value Unlicensed vehicles | DO NOT count | USE this Rule

EXCEPTION: Vehicles on Indian Reservations not required to be licensed will be evaluated the same as licensed vehicles.