Minn. Stat. § 60A.1285
Current through Register Vol. 49, No. 8, August 19, 2024
If distressed or delinquent mortgage loans being valued according to section 60A.123, subdivisions 3 and 4, are determined to be permanently impaired, a direct write-down must be recognized as a realized loss, and a new cost basis established.
Minn. Stat. § 60A.1285
2000 c 350 s 7