SLS 19RS-182 REENGROSSED
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 a commercial banks, savings
12 banks, credit unions, and or savings and loan associations, when engaged in
13 appraisal or evaluation activities for and on behalf of such financial institutions,
14 unless there is a fee charged for the appraisal or evaluation, provided that a federal
15 statute, rule, or regulation does not require such appraisal or evaluation activities to
16 be performed 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 REENGROSSED
The original instrument was prepared by Michelle Ridge. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by LG Sullivan.
DIGEST
SB 42 Reengrossed 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 a commercial bank, savings bank, credit union, and savings and loan
association, when engaged in evaluation activities for and on behalf of such financial
institution.
Effective August 1, 2019.
(Amends R.S. 37:3393(H)(3))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Commerce, Consumer
Protection, and International Affairs to the original bill
1. Revises exemption language.
Senate Floor Amendments to engrossed bill
1. Makes technical corrections.
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.