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.
O.C.G.A. § 33-10-17
Valuation of mortgage reserves
Known as the Standard Valuation Law
The act spans §§ 33–33 (14 sections).
— Code 1933, § 56-916, en- 1, 2019, substituted “Mortgages on real acted by Ga
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.