---
urn: urn:us-la:rs:6:823
citation: "R.S. 6:823"
status: active
breadcrumb: "Title 6 › Chapter 9 › Part X"
acts_citations:
  - { year: 1970, number: 234, section: 1, effective_date: null, role: enactment }
  - { year: 1983, number: 675, section: 1, effective_date: null, role: amendment }
---

# 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.