WAG 08-02-06-k: Loans

PM 08-02-06-k.

When a client says that payments they receive are a loan from a source who is not a bank or loan company:

  1. Require the provider of the loan to submit a notarized statement that repayments are being made or will be made in the future.
  2. Treat the income as a contribution if the provider of the loan does not provide a signed statement.
    1. Budget the income as unearned income.
  3. Terminate aid if the failure to obtain verification is due to the client's noncooperation.