1. A non-ADC exposure that does not meet all of the conditions set out in paragraph 3, or any part of a non-ADC exposure that exceeds the nominal amount of the lien on the property, shall be treated as follows:
(a) a non-IPRE exposure shall be risk weighted as an exposure to the counterparty that is not secured by the immovable property concerned;
(b) an IPRE exposure shall be assigned a risk weight of 150 %.
2. A non-ADC exposure, up to the nominal amount of the lien on the property, where all of the conditions set out in paragraph 3 of this Article are met, shall be treated as follows:
(a) where the exposure is secured by a residential property,
(i) a non-IPRE exposure shall be treated in accordance with Article 125(1):
(ii) an IPRE exposure shall be treated in accordance with Article 125(1) where it meets any of the following conditions:
(1) the immovable property securing the exposure is the obligor's primary residence, either where the immovable property as a whole constitutes a s
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