RÉSUMÉ DIGEST
ACT 186 (SB 42) 2019 Regular Session Martiny
Prior law provided relative to the Louisiana Real Estate Appraisers Law.
Prior law provided for the regulation of real estate appraisers in the state.
Prior law exempted 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.
New law provides that the prior 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))