EXCESS ASSETS - APPLICANTS
ISSUE DATE: 09/2016
MFIP, DWP:
Applicants with excess assets are ineligible unless they reduce the excess within the application processing period (normally 30 days, but longer if the period is extended for reasons other than reduction of assets). See 0005.12.15.03 (Delays in Processing Applications).
Deny the application if the unit does not reduce its assets timely. If applicants reduce excess assets timely, eligibility begins the day after assets are within the asset limit.
Applicants may reduce excess assets in any way that does not result in an improper transfer. See 0015.69.06 (Improper Asset Transfers).
If an applicant chooses not to reduce excess assets, the agency can use a signed personal statement as verification of ineligibility. Inform the applicant of the reason they are ineligible.
SNAP:
SNAP has no asset test.
MSA:
Applicants are ineligible if they have excess assets on the 1st day of the month of application. A change in the amount of assets during the month does not affect their eligibility for that month.
If an applicant chooses not to reduce excess assets, the agency can use a signed personal statement as verification of ineligibility. Send a notice to explain the reason that the applicant is ineligible.
GA:
Applicants with excess assets are ineligible unless they reduce the excess within the application processing period. Send a notice to deny the application if the unit does not reduce its assets timely. Inform the applicant in writing how assets may be excluded or reduced. If applicants reduce excess assets timely, eligibility begins the day after assets are within the asset limit.
Applicants may reduce excess assets in any way that does not result in an improper transfer. See 0015.69.06 (Improper Asset Transfers).
If an applicant chooses not to reduce excess assets, the agency can use a signed personal statement as verification of ineligibility. Send a notice to explain the reason that the applicant is ineligible.
GRH:
Follow MSA for aged, blind, or disabled clients. Follow GA for all other adults.
PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 05/2016 | updates section due to Legislative changes for Program Uniformity/Assets. |
| 12/2014 | Removed WB. This program was suspended 12/1/14. |
| 08/2014 | in MFIP, WB, DWP and MSA and GA adds new last paragraphs that if an applicant chooses not to reduce excess assets, the agency can use a signed personal statement as verification of ineligibility. Inform the applicant of the reason they are ineligible. |
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