RÉSUMÉ DIGEST
ACT 37 (HB 340) 2019 Regular Session Hollis
Existing law provides definitions relative to the Louisiana Real Estate Appraisers Law. New
law adds a definition for "federal financial institutions regulatory agency".
Existing law requires that licensed real estate appraisers comply with professional standards
of practice in the development and communication of appraisals.
New law retains existing law.
New law provides that nothing in existing law prohibits a licensed real estate appraiser from
performing an evaluation of property for a federally insured depository institution if the
appraisal is conducted pursuant to applicable law, regulations, or the guidelines for
evaluations established by the federal financial institutions regulatory agency of the
depository institution.
Effective August 1, 2019.
(Amends R.S. 37:3410(A); Adds R.S. 37:3392(14))