West Virginia Statutes

§ 33-7-13 — Valuation of mortgages or deeds of trust

West Virginia·Ch. 33  INSURANCE·Art. 7 ASSETS AND LIABILITIES
Mortgages or deeds of trust on real property shall be valued in an amount equal to the unpaid balance but not exceeding sixty- six and two-thirds percent of the fair value of such real property, except that any amount in excess of sixty-six and two- thirds percent may be included to the extent the loan evidenced by such deed of trust or mortgage is guaranteed by an agency of the federal government.

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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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