SLS 19RS-182 ORIGINAL
2019 Regular Session
SENATE BILL NO. 42
BY SENATOR MARTINY
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
APPRAISERS. Provides relative to the Louisiana Real Estate Appraisers Law. (8/1/19)
1 AN ACT
2 To amend and reenact R.S. 37:3393(H)(3), relative to real estate appraisers; to provide for
3 the regulation of licensed appraisers; to provide for exceptions; to provide certain
4 terms and conditions; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 37:3393(H)(3) is hereby amended and reenacted to read as follows:
7 ยง3393. License required; penalty for unlicensed real estate appraiser activity
8 * * *
9 H. The provisions of this Chapter shall not apply to the following:
10 * * *
11 (3) A director, officer, or salaried employee of commercial banks, savings
12 banks, credit unions, and savings and loan associations, when engaged in appraisal
13 or evaluation activities for and on behalf of such financial institutions, unless there
14 is a fee charged for the appraisal or evaluation, provided that a federal statute, rule,
15 or regulation does not require such appraisal or evaluation activities to be performed
16 by a state licensed real estate appraiser.
17 * * *
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 42
SLS 19RS-182 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Michelle Ridge.
DIGEST
SB 42 Original 2019 Regular Session Martiny
Present law provides relative to the Louisiana Real Estate Appraisers Law.
Present law provides for the regulation of real estate appraisers in the state.
Present law exempts from regulation, a director, officer, or salaried employee of commercial
banks, savings banks, credit unions, and savings and loan associations, when engaged in
appraisal or evaluation activities for and on behalf of such financial institutions, unless there
is a fee charged for the appraisal or evaluation, provided that a federal statute, rule, or
regulation does not require such appraisal or evaluation activities to be performed by a state
licensed real estate appraiser.
Proposed law provides that the present law exemption will extend to a director, officer, or
salaried employee of commercial banks, savings banks, credit unions, and savings and loan
associations, when engaged in appraisal or evaluation activities for and on behalf of such
financial institutions regardless whether a fee is charged for the appraisal or evaluation.
Effective August 1, 2019.
(Amends R.S. 37:3393(H)(3))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.