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SNAP 403-1 RESOURCES Vehicles

Supersedes: N/A Reference: 7 CFR 273.8 (c)(2), 7 CFR 273.8(e)(3)(i) – (iii), 7 CFR 273.8(f)(1), 7 CFR 273.8(f)(2), 7 CFR 273.8(f)(3), and 7 CFR 273.8(f)(4) Overview: In determining the resources of a household, licensed and unlicensed vehicles shall be included and documented by the State Agency in sufficient detail to permit verification. Some vehicles are specifically excluded. The value of vehicles shall be its equity value. The equity value is the fair market value less any encumbrances. Hard copy verification is required.

OWNERSHIP: If the vehicle title lists only one name, the vehicle belongs to that individual, regardless of accessibility. If the title lists more than one name, the vehicle is considered jointly owned. Leased vehicles are not owned by the individual and therefore only need to be documented on case notes. If a vehicle is in the process of being bought or sold, clearly document in case notes what verification was used to determine ownership. DETERMINING JOINTLY OWNED VEHICLE ACCESSIBILITY: If the applicant/client has possession of his/her jointly owned vehicle: 1. The equity value is countable in full to the filing unit regardless of whether the other owner(s) agrees to sell the vehicle.

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Official source

SNAP 403-1 RESOURCES Vehicles

Supersedes: N/A Reference: 7 CFR 273.8 (c)(2), 7 CFR 273.8(e)(3)(i) – (iii), 7 CFR 273.8(f)(1), 7 CFR 273.8(f)(2), 7 CFR 273.8(f)(3), and 7 CFR 273.8(f)(4) Overview: In determining the resources of a household, licensed and unlicensed vehicles shall be included and documented by the State Agency in sufficient detail to permit verification. Some vehicles are specifically excluded. The value of vehicles shall be its equity value. The equity value is the fair market value less any encumbrances. Hard copy verification is required.

OWNERSHIP: If the vehicle title lists only one name, the vehicle belongs to that individual, regardless of accessibility. If the title lists more than one name, the vehicle is considered jointly owned. Leased vehicles are not owned by the individual and therefore only need to be documented on case notes. If a vehicle is in the process of being bought or sold, clearly document in case notes what verification was used to determine ownership. DETERMINING JOINTLY OWNED VEHICLE ACCESSIBILITY: If the applicant/client has possession of his/her jointly owned vehicle: 1. The equity value is countable in full to the filing unit regardless of whether the other owner(s) agrees to sell the vehicle.