415.09 Penalty for Transferring Resources (FAM)

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The entire assistance group is ineligible for financial assistance for 36 months from the date of the transfer when a financial assistance applicant or recipient has transferred countable property for less than fair market value in order to qualify for assistance.

*See the Medical Assistance Manual (MAM) PART 415, TRANSFER OF ASSETS, for more information about this policy as it relates to medical assistance.