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))