If an individual’s assets are counted when determining or redetermining the individual’s financial eligibility for Medical Assistance, the department shall include a promissory note as a countable asset if all of the following apply:
(a)#
The individual applying for or receiving benefits under Medical Assistance or his or her spouse provided the goods, money loaned, or services rendered for the promissory note.
(b)#
The promissory note was entered into or purchased on or after July 14, 2015.
(c)#
The promissory note is negotiable, assignable, and enforceable and does not contain any terms making it unmarketable.