"Department" shall mean the department of
human services.
"Dwelling " shall mean real property in
which a person has an ownership interest and which serves as the person's
principal place of residence. Real property shall include the shelter in which
the person lives, the land on which the shelter is located and related
buildings on the land.
"Fair market value " shall mean the price
for which property or an item could have been sold on the open market at the
time of transfer
"Medical assistance" shall mean "medical
assistance," "additional medical assistance," "discretionary medical
assistance" or "Medicare cost sharing" as each is defined in Iowa Code section
249A. 2 which is provided to a person pursuant to Iowa Code chapter 249A and
Title XIX of the federal Social Security Act.
"Property" shall mean anything of value,
including both tangible and intangible property, real property and personal
property.
"Transfer " shall mean the disposal of
property for less than fair market value through gifting, sale or any transfer
or assignment of a legal or equitable interest in property.
"Transferee " shall mean the person who
receives a transfer or assignment of a legal or equitable interest in property
for less than fair market value.
"Transferor " shall mean the person who
makes a transfer of a legal or equitable interest in property for less than
fair market value.
