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2022 Delaware Code
Title 18 - Insurance Code
Chapter 11. ASSETS AND LIABILITIES
Subchapter IV. Valuation of Assets
§ 1130. Valuation of purchase money mortgages.
Universal Citation: 18 DE Code § 1130 (2022)
§ 1130. Valuation of purchase money mortgages.
Purchase money mortgages on real property referred to in § 1129(a) of this title shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90% of the fair value of such real property, whichever is less.
18 Del. C. 1953, § 1117; 56 Del. Laws, c. 380, § 1; 80 Del. Laws, c. 117, § 2;
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