Adjusted annual income.

Adjusted annual income. Income from all household members who live or propose to live in the dwelling as their primary residence for all or part of the ensuing 12 months. Adjusted annual income is used to determine whether an applicant is income-eligible for a guaranteed loan, or interest assistance, if applicable. Adjusted annual income provides for deductions to account for varying household circumstances and expenses. See 3555.152 for a complete description of adjusted annual income.

Source

7 CFR § 3555.10

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Scoping language

The definitions and abbreviations in this section apply to this part.

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