003.03(G) LOANS.

Loans are considered a resource in the month received. To verify that money coming to the household is a loan and is therefore considered a resource rather than income, the applicant must provide: (i) A statement signed by the household member receiving the loan and the party providing the loan indicating that the payment is a loan and must be repaid; and (ii) A statement from the provider indicating that payments are being made or will be made in accordance with an established schedule when a household claims that payments from the same source received on a recurrent or regular basis are loans.