Idaho Statutes

§ 41-616 — VALUATION OF PURCHASE MONEY MORTGAGES

Idaho § 41-616
JurisdictionIdaho
Title 41INSURANCE
Ch. 6ASSETS AND LIABILITIES

This text of Idaho § 41-616 (VALUATION OF PURCHASE MONEY MORTGAGES) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Idaho Code § 41-616 (2026).

Text

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.

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Legislative History

[41-616, added 1961, ch. 330, sec. 137, p. 645.]

Nearby Sections

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Bluebook (online)
Idaho § 41-616, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/41-616.