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2. Stating that the true owner, who is not the a/b or financially
responsible person, makes monthly payments on the
vehicle and pays the insurance premiums or taxes on the
vehicle.
(b)Cancelled checks or receipts for payments on a loan,…#
(b) Cancelled checks or receipts for payments on a loan, etc.,
showing who is making payments on the vehicle.
(c)Letter(s) or statement(s) from finance companies, banks,#
(c) Letter(s) or statement(s) from finance companies, banks,
credit unions, loan officers, automobile salesmen, insurance
companies or agents, or others supporting claims of the cost
or of responsibility for the vehicle.
(d)Written statements from at least 2 knowledgeable…#
(d) Written statements from at least 2 knowledgeable sources as
to the circumstances surrounding ownership and availability
of the vehicle. Include the basis for their knowledge.
b. Do not count the resource for the a/b who shows by the evidence that i
it is held in trust for another individual.
c. If the other individual applies for SA/MA, it must be counted as a
resource for that individual.
F. Liquid Assets of a Business
1. Determine if the a/b has liquid assets needed to operate a business.
2. Verify the status of bank accounts used in the operation of a business.
a. DBA (doing business as) account- Verify with the bank and the
records of the DBA account that these funds are not used for personal
bills
b. Combined with personal funds- If the bank account is used for
personal and business transactions, the business assets must be
separately identified to be excluded.
3. Exclude a business account in the name of the business or corporation that
is totally separate from personal funds. Count the income of the business.
Refer to SA-3210, Income.
G. Tobacco Buyout Payments
Tobacco allotments were administered by the Farm Service Agency and
provided the right to produce a certain number of pounds of tobacco for harvest. Effective November of 2005 the Tobacco Transition Payment SA-3200 IV.