Del. Code tit. 18 § 1130

Current through 2024 Legislative Session Act Chapter 269

Section 1130 - Valuation of purchase money mortgages

Purchase money mortgages on real property referred to in subsection (a) of § 1117 of this title shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90% of the fair value of such real property, whichever is less.

18 Del. C. § 1130

18 Del. C. 1953, § 1117; 56 Del. Laws, c. 380, § 1.;