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Code · Minnesota · Chapter 60

60A.1285 OTHER IMPAIRMENTS.

42 words·~1 min read·/mn/chapter-60/60a-1285

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60A.1285 OTHER IMPAIRMENTS.
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.
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