HRS §431:5-311
How to value a purchase money mortgage
This section tells you how to put a value on a purchase money mortgage for real property. The value cannot be more than the lower of what you paid for the property or 90% of its fair value. It only applies to mortgages mentioned in another section.
borrowershome sellershomebuyersmortgage lendersreal estate agents
The statute, as written — Valuation of purchase money mortgages
Purchase money mortgages on real property referred to in section 431:5-310 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 the real property, whichever is less.
Sections this one refers to
§431:5-310 Rules for valuing property an insurer takes over
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