Delaware Statutes
§ 1130 — Valuation of purchase money mortgages
Purchase money mortgages on real property referred to in § 1129(a) of this title shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90% of the fair value of such real property, whichever is less.
Free access — add to your briefcase to read the full text and ask questions with AI
Delaware § 1130 (Valuation of purchase money mortgages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
18 Del. C. 1953, § 1117; 56 Del. Laws, c. 380, § 1 ; 80 Del. Laws, c. 117, § 2
Nearby Sections
15
§ 1101
“Assets” defined§ 1102
Assets not allowed§ 1103
Liabilities, in general§ 1106
Unearned premium reserve§ 1109
Title insurance reserves§ 1111
Title and definitions§ 1112
Reserve valuation