Purchase money mortgages on real property referred to in subsection (1) of section 41-615[, Idaho Code] 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.
Idaho Code § 41-616
Valuation of purchase money mortgages
1961, ch. 330, § 137, p. 645.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.