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§ 50415. Net Market Value of Property.

22 CA ADC § 50415Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 22. Social Security
Division 3. Health Care Services
Subdivision 1. California Medical Assistance Program (Refs & Annos)
Chapter 2. Determination of Medi-Cal Eligibility and Share of Cost
Article 9. Property
22 CCR § 50415
§ 50415. Net Market Value of Property.
Currentness
(a) The net market value of real or personal property is the owner's equity in that property.
(b) The net market value shall be determined by subtracting the encumbrances of record from the market value.
(c) The net market value of real or personal property owned jointly with other persons shall be determined by subtracting the beneficiary's share of encumbrances from the beneficiary's interest in the property.

Credits

Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 14006, Welfare and Institutions Code.
History
1. Change without regulatory effect adding Note filed 10-11-88 (Register 88, No. 45).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 22, § 50415, 22 CA ADC § 50415
End of Document