Louisiana HB300 raises the appraisal threshold for bank-owned residential property from $250,000 to $400,000.
Louisiana HB300 amends existing law to increase the threshold for residential real estate requiring an appraisal from $250,000 to $400,000. This change allows banks to conduct evaluations instead of appraisals for residential properties valued at or below $400,000. The bill also maintains the current threshold for commercial properties at $500,000. This amendment affects state banks by modifying the conditions under which they must obtain appraisals for immovable property.
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