---
title: O.C.G.A. § 33-10-17. Valuation of mortgage reserves.
collection: code
id: 33-10-17
cite_as: O.C.G.A. § 33-10-17 (2025)
canonical_url: https://georgiacommons.org/code/33-10-17
md_url: https://georgiacommons.org/code/33-10-17.md
text_url: https://georgiacommons.org/code/33-10-17/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch1-22-(v24)-2020-pdf.pdf?sfvrsn=a873240d_0#page=505
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/33-10.md
previous: https://georgiacommons.org/code/33-10-16.md
next: https://georgiacommons.org/code/33-11-1.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / ASSETS AND LIABILITIES
---

# O.C.G.A. § 33-10-17. Valuation of mortgage reserves.

Mortgages on real property referred to in subsection (a) of Code Section 33-10-16 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of the real property, whichever is less.

## History

Code 1933, § 56-916, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-61/SB 132.

The 2019 amendment, effective July 1, 2019, substituted ‘‘Mortgages on real property’’ for ‘‘Purchase money mortgages on real property’’ at the beginning of this Code section.