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Oanne Glover Director Bureau of Operations PURPOSE The purpose of this Operations Memorandum is to provide policy and procedure that must be used when an applicant, recipient or spouse of an applicant or recipient applying for or receiving Medicaid/Long Term Care (LTC) Services has transferred assets for less than Fair Market Value (FMV). The purpose is also to provide policy and procedure when an individual who is applying for or receiving LTC Services has equity interest in the home greater t.

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