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Quiz | HOTMA Implementation Updates

assets hotma income calculations quiz Nov 30, 2023
HUD's MFH and PIH offices published joint implementation guidance for HOTMA in late September. This quiz tests for the updates. All of the below apply once HOMTA takes effect.

 1. Checking account balances will now be based on current balances.

True or False 

2. Workers' Compensation payments will always be excluded from household income.

True or False

3. Expensive gaming systems are considered "non-necessary personal property. 

True or False 

4. Those who are entitled to child support or alimony are no longer required to pursue the full court-ordered amount. Just amounts actually received are counted. 

True or False

5. Verification through the Work Number and other database upfront income verification databases are now the most preferred verification option.

True or False 

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