Idaho Code § 41-616

Current through the 2024 Regular Session
Section 41-616 - VALUATION OF PURCHASE MONEY MORTGAGES

Purchase money mortgages on real property referred to in subsection (1) of section 41-615 of this chapter shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety per cent (90%) of the fair value of such real property, whichever is less.

Idaho Code § 41-616

[41-616, added 1961, ch. 330, sec. 137, p. 645.]