Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-1514. Valuation of purchase money mortgages.

Latest version.

Purchase money mortgages on real property referred to in subsection A of Section 1513 of this article shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety percent (90%) of the fair value of such real property, whichever is less.

Laws 1957, p. 285, § 1514.

                    
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