Florida Statutes 625.171 – Valuation of purchase money mortgages
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 625.171
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Purchase money mortgages on real property referred to in s. 625.161(2) shall be valued in an amount not exceeding the acquisition cost to the insurer of real property covered thereby or 90 percent of the fair value of such real property, whichever is less.