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West Virginia Income Maintenance Manual Chapter 5
West Virginia Income Maintenance Manual Page 59 Chapter 5 Assets
5.5.48.B WV WORKS For WV WORKS, equity is not a factor in any step of the process to determine countable vehicle assets. • Step 1: Exclusion of One Vehicle as defined in Section 5.1 per Work-Eligible Individual in the household One (1) vehicle per Work-Eligible Individual in the household is excluded regardless of value. • Step 2: Determining Current Market Value of All Non-Excluded Vehicles The listed trade-in value of the vehicle is used, unless one of the following conditions exists: o The client disagrees with the listed value. The client is responsible for obtaining one estimate on form DFA-V-1, Vehicle Estimate. The Department assumes any expense incurred in obtaining this estimate, using form BA-67. If the Department has no objection to the client's estimate, it is accepted as the CMV. The listed value is not used once an estimate of the value has been obtained. If the Department determines that the estimate obtained by the client is unreasonable, a second estimate is obtained by the Worker from a qualified appraiser of the Department's choice. Form BA-67 is used to pay for the second estimate. This estimate and the client's estimate are averaged to arrive at the CMV. o The vehicle is not listed. In this situation, the client's statement of the value of the vehicle(s) is accepted unless it appears incorrect. If the client’s statement appears incorrect, the Worker requires that the client obtain one estimate. A DFA-V-1 is used, and payment, when required, is made by the Department, using a BA-67. If the vehicle is listed as junk with the Department of Motor Vehicles, as indicated on the title of the vehicle, a sale value of $25 is assigned to it, and that amount used as the value. • Step 3: Determining Asset Value of All Non-Excluded Vehicles The CMV as determined in Step 2 above, of all non-excluded vehicles, is counted in its entirety, regardless of the client's equity. For child-only cases with SSI adults, one vehicle is excluded.