Register January 2006 No. 601
Chapter DFI-SB 11
REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Real estate owned and other repossessed assets.
Ch. DFI-SB 11 Note
Chapter SB 11 was renumbered ch. DFI-SB 11 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 6. and 7., Stats., Register, November, 1997, No. 503
Real estate owned and other repossessed assets. DFI-SB 11.01(1)(1)
Value carried on books.
Real estate and other assets repossessed by a savings bank shall be carried on the books at their estimated market value and in accordance with generally accepted accounting principles.
When real estate is repossessed, the savings bank shall have it appraised. The real estate shall be subsequently reappraised if:
DFI-SB 11.01 Note
This section interprets or implements ss. 214.515
DFI-SB 11.01 History
Cr. Register, February, 1994, No. 458
, eff. 3-1-94.