Alabama Statutes
§ 27-37-9 — Valuation - Purchase Money Mortgages
Alabama § 27-37-9
This text of Alabama § 27-37-9 (Valuation - Purchase Money Mortgages) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 27-37-9 (2026).
Text
Purchase money mortgages on real property shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or the unpaid balance of the debt secured by such mortgage, whichever is less.
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Legislative History
(Acts 1971, No. 407, p. 707, §753.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-37-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-37-9.