There is a newer version of the Hawaii Revised Statutes
2012 Hawaii Revised Statutes
TITLE 24. INSURANCE
431. Insurance Code
431:5-311 Valuation of purchase money mortgages.
HI Rev Stat § 431:5-311 (2012) What's This?
§431:5-311 Valuation of purchase money mortgages. Purchase money mortgages on real property referred to in section 431:5-310 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety per cent of the fair value of the real property, whichever is less. [L 1987, c 347, pt of §2]
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