Cal. Code Regs. tit. 10 § 2287

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2287 - Other Real Property

All other real property not under contract of sale shall be valued as follows:

(a) Real property acquired by foreclosure or in the satisfaction of debt shall be valued at an amount not to exceed the smaller of the following: Cost plus the cost of capitalized improvements, less normal depreciation, or market value as evidenced by a current appraisal by a competent and qualified appraiser.

(b) Real property acquired for investment purposes shall be valued at an amount not to exceed the smaller of the following: Cost plus the cost of capitalized improvements, less normal depreciation, or market value as evidenced by a current appraisal by a competent and qualified appraiser.

Cal. Code Regs. Tit. 10, § 2287

1. Amendment filed 6-13-68; effective thirtieth day thereafter (Register 68, No. 22).
2. Amendment filed 2-7-69 as an emergency; designated effective 2-7-69 (Register 69, No. 6).

1. Amendment filed 6-13-68; effective thirtieth day thereafter (Register 68, No. 22).
2. Amendment filed 2-7-69 as an emergency; designated effective 2-7-69 (Register 69, No. 6).