La. Stat. tit. 6 § 823
Current with changes from the 2024 Legislative Session
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.
La. R.S. § 6:823