§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]
Section: Previous 431-5-304 431-5-305 431-5-306 431-5-307 431-5-308 431-5-309 431-5-310 431-5-311 431-5-401 431-6-101 431-6-102 431-6-103 431-6-104 431-6-105 431-6-106 NextLast modified: October 27, 2016