Minn. Stat. § 60A.1285
This is the official text of Minn. Stat. § 60A.1285, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 60A.1285 OTHER IMPAIRMENTS.
Official statutory text
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.
Status: in_force · Read it on the official government site
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