Louisiana Statutes
§ 6:823 — Appraisal
Louisiana·Title 6 Banks and Banking
No investment in a real estate loan shall be made until either an independent qualified person, a central appraisal bureau, or an appraisal committee approved by the board of directors shall have made a physical inspection and submitted a signed appraisal of the value of the real estate securing such loan.
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Legislative History
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
Nearby Sections
15
§ 6:801
§ 6:801§ 6:802
Contingent loss account§ 6:803
Earnings; payment§ 6:804
Casual deposits§ 6:807
Amounts payable§ 6:808
Insufficient funds; notices§ 6:809
Board may prescribe rules§ 6:814
Redemption§ 6:822
Loans and investments