N.J. Admin. Code § 10:87-4.10

Current through Register Vol. 56, No. 24, December 18, 2024

Section 10:87-4.10 - Value of resources

The value of a nonexempt resource shall be its equity value. The equity value is the fair market value less encumbrances. When necessary, the value of resources shall be determined by consulting sources knowledgeable as to the value of such resources. The source and result of any such verification shall be documented in the case record.