Valuation of purchase money mortgages.

NRS 681B.109 Valuation of purchase money mortgages. Purchase money mortgages on real property referred to in subsection 1 of NRS 681B.108 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 such real property, whichever is less. (Added to NRS by 1971, 1617) PROVISIONS GOVERNING POLICIES AND CONTRACTS NOT SUBJECT TO PROVISIONS OF THE VALUATION MANUAL Standard of Valuation