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LA HB300
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Neil Riser
Click for details
AI Summary
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Increases the threshold at which state banks may use an evaluation instead of a formal appraisal for residential real estate from $250,000 to $400,000
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Commercial real estate threshold remains unchanged at $500,000
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Applies to both initial appraisals when property is acquired and the required reappraisals every third calendar year
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Amends R.S. 6:243(C)(1) and (2) governing state bank dealings with immovable property
Legislative Description
Provides with respect to the appraisal threshold for bank owned property
BANKS/BANKING
Last Action
Read by title, ordered engrossed, passed to 3rd reading.
3/16/2026
Committee Referrals
Commerce2/24/2026
Full Bill Text
No bill text available