58-26-6. Purchase money mortgage on real property--Restriction as to valuation.
43 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-6·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 § 58-26-5 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.