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Code · Arizona · Title 20 — Infants and Incompetents

20-514. Valuation of purchase money mortgages

46 words·~1 min read·/az/title-20/20-514

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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