An installment contract has a principal balance of $5,000 as of July 1. On July 10,
the buyer makes a payment of $200. As of October 31, the recipient has used only $150
of the July payment in connection with the purchase of a new home.
The exclusion of the unused $50 - and of the installment contract itself - is revoked
back to July 10. As a result, the $50 and the value of the contract as of August 1
($4,800) are included in a revised determination of resources for August.