Exclude a bona fide loan from any source. A bona fide loan is supported by a written agreement to repay within a specified time or received from an individual or establishment engaged in the business of making loans. If neither condition applies, consider a loan bona fide if the claimant acknowledges, verbally or in writing that:
- an obligation to repay with or without interest exists;
- a pledge to repay using real or personal property or anticipated income exists, or becomes apparent; or
- a written timetable and plan for repayment exists.