Register, July, 1998, No. 511
Chapter DFI-SL 11
REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Real estate owned and other repossessed assets.
Ch. DFI-SL 11 Note
Chapter S-L 11 was renumbered chapter DFI-SL 11 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 6. and 7., Stats., Register, July, 1998, No. 511
Real estate owned and other repossessed assets. DFI-SL 11.01(1)(1)
Value carried on books.
Real estate and other assets repossessed by an association 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 association shall have it appraised. The real estate shall be subsequently reappraised if:
DFI-SL 11.01 Note
This section interprets or implements s. 215.22
DFI-SL 11.01 History
Cr. Register, June, 1989, No. 402
, eff. 7-1-89.