Arizona Statutes
§ 20-514 — Valuation of purchase money mortgages
Arizona·Title 20 Arizona Revised Statutes·Ch. 3 FINANCIAL PROVISIONS AND PROCEDURES·Art. 1 Assets and Liabilities
Purchase money mortgages on real property referred to in subsection A of section 20-513 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 such real property, whichever is less.
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Nearby Sections
15
§ 20-1001
Definitions§ 20-1004
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Deposit requirement; exception§ 20-1006
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Deputy director§ 20-1010
Taxes§ 20-1011
Operational expenses§ 20-1012
Prohibited practices