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LOUISIANA STATUTES AND CODES

RS 6:823 Appraisal

§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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