State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-10 > 33-10-17

O.C.G.A. 33-10-17 (2010)
33-10-17. Valuation of reserves -- Purchase money mortgages

Purchase money mortgages on real property referred to in subsection (a) of Code Section 33-10-16 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of the real property, whichever is less.

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-10 > 33-10-17

O.C.G.A. 33-10-17 (2010)
33-10-17. Valuation of reserves -- Purchase money mortgages

Purchase money mortgages on real property referred to in subsection (a) of Code Section 33-10-16 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of the real property, whichever is less.