There is a newer version of the Idaho Code and Statutes
2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 6 - ASSETS AND LIABILITIES
Section 41-616 - VALUATION OF PURCHASE MONEY MORTGAGES.
ID Code § 41-616 (2016) What's This?
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.
History:
[41-616, added 1961, ch. 330, sec. 137, p. 645.]
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