Ariz. Rev. Stat. § 20-514

Current through L. 2024, ch. 259

Section 20-514 - Valuation of purchase money mortgages

Purchase money mortgages on real property referred to in subsection A of section 20-513 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety per cent of the fair value of such real property, whichever is less.

A.R.S. § 20-514