003.04(B) FAIR MARKET CRITERIA.

Official source

The criteria for fair market value are not met when (1) The term of the instrument exceeds the life expectancy of the applicable client; (2) The instrument does not provide for equal monthly or annual payments commencing immediately during the term of the contract; (3) The instrument does not provide for the recovery of assets in the event of default; (4) The instrument contains exculpatory or cancellation terms of balance due; or (5) The purpose of a transaction is solely to become eligible. (6) The value received for the transfer of any resource is less than the expected value which would have been received on an open market for a similar resource of the same type.

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003.04(B) FAIR MARKET CRITERIA.

Official source

The criteria for fair market value are not met when (1) The term of the instrument exceeds the life expectancy of the applicable client; (2) The instrument does not provide for equal monthly or annual payments commencing immediately during the term of the contract; (3) The instrument does not provide for the recovery of assets in the event of default; (4) The instrument contains exculpatory or cancellation terms of balance due; or (5) The purpose of a transaction is solely to become eligible. (6) The value received for the transfer of any resource is less than the expected value which would have been received on an open market for a similar resource of the same type.