Code of Massachusetts Regulations
106 CMR - DEPARTMENT OF TRANSITIONAL ASSISTANCE
Title 106 CMR 704.000 - Transitional Cash Assistance Program: Financial Eligibility
Section 704.100 - Assets
Universal Citation: 106 MA Code of Regs 106.704
Current through Register 1531, September 27, 2024
Assets are objects of value, other than income as defined in 106 CMR 704.200, such as personal property, real estate, vehicles, the cash surrender value of life insurance, cash, bank deposits, and negotiable securities. Countable assets are all assets that are used for eligibility determination. Noncountable assets are all assets that are exempt from use for eligibility determination. All assets are considered countable unless inaccessible as provided in 106 CMR 704.125 or noncountable as provided in 106 CMR 704.140.
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