Florida § 625.171 - Valuation of purchase money mortgages.
Full text of Florida Florida Statutes § 625.171 — Valuation of purchase money mortgages., with citation guidance and answers to common questions.
§ 625.171. Valuation of purchase money mortgages.
Purchase money mortgages on real property referred to in s. 625.161(2) shall be valued in an amount not exceeding the acquisition cost to the insurer of real property covered thereby or 90 percent of the fair value of such real property, whichever is less.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 625.171
What does Florida Statutes § 625.171 cover?
Section 625.171 ("Valuation of purchase money mortgages.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 625.171?
A common citation format is "Florida Statutes § 625.171" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 625.171 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.