FAA4.D Other Assets (OTAS) : 05 Other Assets - Verification : A Other Assets - Required Verification
Other Assets - Required Verification
Verification required for each asset is as follows:
Amount Owed
Further verification is required for the following asset types:
Property information in the case file(g) that is current and valid needs no further verification
The current market value and equity value (g) must be verified at each renewal when near maximum allowable resource limits. The resource limit amounts for each program are as follows:
Verify the full cash value and equity value of real property at least once a year.