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.
R.S. 6:823 active rs title
Appraisal ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1970, No. 234, §1
- amendment Acts 1983, No. 675, §1