Code of Maine Rules › 10 - DEPARTMENT OF HEALTH AND HUMAN SERVICES › 144 - DEPARTMENT OF HEALTH AND HUMAN SERVICES - GENERAL › Chapter 301 - SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) RULES › FS-300's › 300 - ASSET ELIGIBILITY STANDARDS › Section 144-301-300-FS 333-3 - Vehicles

Current through 2024-29, July 17, 2024
GENERAL RULE:
The fair market value and/or equity value of all
						nonexempt vehicles is counted. Encumbrances are not considered in determining
						fair market value.
EXCEPTIONS
:
If NADA book value does not apply (antique, custom or
						classic cars), a dealer appraisal will be required. If the car is not listed in
						the NADA Book or recipient claims the car is in less-than-average condition,
						recipient value may be accepted, unless questionable. If value will affect
						eligibility, require verification from a knowledgeable source.
Vehicles that are jointly owned by a household member and
						a non-household member who does not live with the household are excluded from
						countable resources provided that the vehicle is unavailable to the household
						member because the household member does not have possession of, or use of, the
						vehicle
and
the household member is unable to sell the vehicle
						because the signature of the co-owner is needed and he or she will not
						sign.
Inability to sell the vehicle is only one factor. If the
						household has use of the vehicle, it is not excluded due to joint ownership. If
						the household is not using the vehicle, but has possession of the vehicle, it
						is not excluded due to joint ownership.
NOTE:
The fair market value of vehicles is
						found in NADA Book under Average Trade-in Value (excluding optional equipment,
						mileage or special equipment for disabled).
NOTE:
A household is not limited to a
						certain number of vehicles per household size or per the number of licensed
						drivers. Each vehicle is to be evaluated separately.
VEHICLES WILL BE EVALUATED AS
						FOLLOWED
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Fair Market Value Test
(Average Trade-in Value) Fair Market Value
- $4,650.00
Excess Value
Equity Test
Fair Market Value
- Amount
								  owed
Equity Value
Producing income Includes vehicles needed to do a
								  particular job. Includes vehicles deemed necessary by the employer. It does
not
include vehicles necessary for commuting to and
								  from employment.
DO NOT count
DO NOT count
Used as a home
DO NOT count
DO NOT count
Transporting a
physically
disabled household member If disability is
								  not evident, or if the disabled member does not receive disability payments,
								  written proof of impairment must be produced by a physician.
DO NOT count
DO NOT count
Carrying heating fuel or water When such heating
								  fuel or water is anticipated to be the primary source of fuel and water for the
								  household during the certification period.
DO NOT count
DO NOT count
Value is inaccessible
(sale would produce less than
								  $1500)
DO NOT count
DO NOT count
One vehicle per household
DO NOT count
DO NOT count
One licensed vehicle per adult
								  member
USE this Rule
DO NOT count
Commuting to employment or job training or
								  seeking employment
USE this Rule
DO NOT count
Additional licensed vehicles
Count the Greater of Fair Market or Equity
								  Value
Unlicensed vehicles
DO NOT count
USE this Rule
EXCEPTION:
Vehicles on Indian Reservations
						not required to be licensed will be evaluated the same as licensed
						vehicles.