Section 33-10-17 - Valuation of mortgage reserves

Mortgages on real property referred to in subsection (a) of Code Section 33-10-16 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of the real property, whichever is less.Amended by 2019 Ga. Laws 139,§ 1-61, eff. 7/1/2019.