2005 Idaho Code - 41-722 — MORTGAGE LOAN LIMITED BY PROPERTY VALUE

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-722.  MORTGAGE LOAN LIMITED BY PROPERTY VALUE. (1) No commercial or
residential mortgage loan or investment therein upon any one (1) parcel of
real property shall exceed in amount, at the time of acquisition, eighty
percent (80%) of the fair value of the property and the loan is required to be
amortized within not more than thirty (30) years by payment of installments of
principal and interest thereon at regular intervals not less frequent than
every year.
    (2)  The extent to which a mortgage loan made under subsection (3) or (4)
of section 41-721, Idaho Code, is guaranteed by the administrator of veterans
affairs may be deducted before application of the limitations contained in
subsection (1) of this section.