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How do we determine the countable value of a CIHCP applicants vehicle?

April 26, 2017APPLICANTS cihcp countable determine value vehicle

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How do we determine the countable value of a CIHCP applicants vehicle?

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The vehicles fair market value minus the amount still owed on it equals the equity value. Count only the equity value that is in excess of $4,650.00. Chapter 61, 61.008 (2) and CIHCP Handbook, Section Two, Page 12.