Washington § 48.12.200 - Valuation of purchase money mortgages.

Full text of Washington Revised Code of Washington § 48.12.200 — Valuation of purchase money mortgages., with citation guidance and answers to common questions.

§ 48.12.200. Valuation of purchase money mortgages.

(1) Purchase money mortgages shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety percent of the fair value of such real property, whichever is less.
(2) The commissioner has full discretion in determining the method of calculating values according to the rules set forth in this section, and consistent with such methods as then adopted by the National Association of Insurance Commissioners.
[ 1993 c 462 s 56; 1947 c 79 s .12.20; Rem. Supp. 1947 s 45.12.20.]

Notes

Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 48.12.200

What does Revised Code of Washington § 48.12.200 cover?

Section 48.12.200 ("Valuation of purchase money mortgages.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 48.12.200?

A common citation format is "Revised Code of Washington § 48.12.200" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 48.12.200 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington 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 Washington.