60A.1285 Other impairments.
If distressed or delinquent mortgage loans being valued according to section 60A.123, subdivisions 3 and 4, are determined to be permanently impaired, a direct write-down must be recognized as a realized loss, and a new cost basis established.
HIST: 2000 c 350 s 7
Official Publication of the State of Minnesota
Revisor of Statutes