2005 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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