<html> <head> <title>Rule 67:10:04:10 Department reserves right to obtain independent valuation.</title> <META NAME="Keywords" Content="Administrative Rules 67:10:04:10"> <META NAME="Description" Content="Administrative Rules 67:10:04:10 Department reserves right to obtain independent valuation."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>67:10:04:10.&nbsp;&nbsp;Department reserves right to obtain independent valuation.</b> The department shall accept the evidence of the fair market value submitted by the individual unless the fair market value is obviously too high or too low. If, in the department's opinion, the fair market value submitted is obviously too high or too low, the department may obtain an independent fair market valuation of the property. The department's fair market valuation shall be used when determining equity value.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If discrepancies exist between the list of encumbrances obtained by the department and the list submitted by the individual, the department's list of encumbrances shall be used when determining equity value.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 24 SDR 24, effective August 31, 1997.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-7A-3">28-7A-3(1)(3).</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-7A-3">28-7A-3(1)(3).</A></p> </div> </body> </html>