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Code · Louisiana · Title 6 — Banks and Banking

RS 6:823

65 words·~1 min read·/la/title-6/6-511

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RS 6:823
§823. Appraisal
No investment in a real estate loan shall be made until either an independent qualified person, a central appraisal bureau, or an appraisal committee approved by the board of directors shall have made a physical inspection and submitted a signed appraisal of the value of the real estate securing such loan.
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
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