Idaho Admin. Code r. 16.03.05.340
Current through September 2, 2024
Loans are excluded if the participant has signed a written repayment agreement. The signed agreement must state how the loan will be repaid. The signed written agreement can be obtained after the loan is received. Items bought on credit are paid with a loan and are not income. Money repaid to a participant on the principal of a loan is not income, it is a resource. Interest received by a participant on money loaned by them is countable income.
Idaho Admin. Code r. 16.03.05.340