Washington Statutes
§ 48.12.200 — Valuation of purchase money mortgages.
Washington § 48.12.200
This text of Washington § 48.12.200 (Valuation of purchase money mortgages.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 48.12.200 (2026).
Text
(1)Purchase money mortgages shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety percent of the fair value of such real property, whichever is less.
(2)The commissioner has full discretion in determining the method of calculating values according to the rules set forth in this section, and consistent with such methods as then adopted by the National Association of Insurance Commissioners.
Severability — Implementation — 1993 c 462: See RCW 48.31B.901 and 48.31B.902 .
Free access — add to your briefcase to read the full text and ask questions with AI
Related
§ 48.31B.901
Washington § 48.31B.901
Legislative History
[1993 c 462 s 56; 1947 c 79 s .12.20; Rem. Supp. 1947 s 45.12.20.]
Nearby Sections
15
§ 48.01.010
Short title.§ 48.01.020
Scope of code.§ 48.01.030
Public interest.§ 48.01.035
"Developmental disability" defined.§ 48.01.040
"Insurance" defined.§ 48.01.050
"Insurer" defined.§ 48.01.053
"Issuer" defined.§ 48.01.060
"Insurance transaction" defined.§ 48.01.070
"Person" defined.§ 48.01.080
Penalties.§ 48.01.100
Existing officers.§ 48.01.110
Existing licenses.§ 48.01.120
Existing insurance forms.§ 48.01.130
Existing actions, violations.§ 48.01.140
Headings.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 48.12.200, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.12.200.