HB300 • 2026

BANKS/BANKING: Provides with respect to the appraisal threshold for bank owned property

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Neil Riser
Last action: 2026-05-15
Official status: Signed by the Governor - Act 149
Effective date: Not listed

Plain English Breakdown

The official source material does not provide specific details on the requirements for commercial property limits and timing of evaluations/appraisals, only residential real estate changes are explicitly mentioned.

Bank Appraisal Thresholds for Bank-Owned Property

This act changes the appraisal requirements for bank-owned property, increasing the threshold at which a full appraisal is needed for residential real estate.

What This Bill Does

Increases the value limit for residential real estate from $254,000 to $400,000 where an evaluation can be done instead of a full appraisal.

Who It Names or Affects

State banks that own real estate.
People who buy or sell properties from state banks.

Terms To Know

GAAP: Generally Accepted Accounting Principles, which are rules for financial reporting.
Evaluation: A less detailed look at property value compared to a full appraisal.

Limits and Unknowns

The act does not specify what happens if the property is valued above the new threshold.
It's unclear how this change will affect the accuracy of property valuations for banks.

Bill History

2026-05-15 H
Effective date: 08/01/2026.
2026-05-15 H
Signed by the Governor. Becomes Act No. 149.
2026-05-14 H
Sent to the Governor for executive approval.
2026-05-14 S
Signed by the President of the Senate.
2026-05-13 H
Enrolled and signed by the Speaker of the House.
2026-05-13 H
Received from the Senate without amendments.
2026-05-12 S
Rules suspended. Read by title, passed by a vote of 33 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
2026-05-04 S
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
2026-04-29 S
Read by title and referred to the Legislative Bureau.
2026-04-28 S
Reported favorably.
2026-03-23 S
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.
2026-03-18 S
Received in the Senate. Read first time by title and placed on the Calendar for a second reading.
2026-03-18 H
Read third time by title, roll called on final passage, yeas 100, nays 0. Finally passed, title adopted, ordered to the Senate.
2026-03-17 H
Scheduled for floor debate on 03/18/2026.
2026-03-16 H
Read by title, ordered engrossed, passed to 3rd reading.
2026-03-11 H
Reported favorably (14-0).
2026-03-09 H
Read by title, under the rules, referred to the Committee on Commerce.
2026-02-27 H
First appeared in the Interim Calendar on 2/27/2026.
2026-02-24 H
Under the rules, provisionally referred to the Committee on Commerce.
2026-02-24 H
Prefiled.

Official Summary Text

BANKS/BANKING: Provides with respect to the appraisal threshold for bank owned property

Current Bill Text

Read the full stored bill text

ENROLLED
ACT No. 1492026 Regular Session
HOUSE BILL NO. 300
BY REPRESENTATIVE RISER
1 AN ACT
2 To amend and reenact R.S. 6:243(C)(1) and (2), relative to powers and functions of state
3 banks; to provide for price thresholds for required residential appraisals; to increase
4 the thresholds; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 6:243(C)(1) and (2) are hereby amended and reenacted to read as
7 follows:
8 §243. Immovable property; dealings
9 * * *
10 C.(1) For immovable property provided for in Paragraphs (A)(2), (3), and
11 (4) of this Section, a state bank shall obtain, within a reasonable time before or after
12 the property is acquired, a current appraisal of the fair market value of any such
13 property and shall account for the property in accordance with generally accepted
14 accounting principles (GAAP). For purposes of this Paragraph, a state bank may
15 perform an evaluation in lieu of an appraisal for residential real estate valued at or
16 below two hundred fifty four hundred thousand dollars and for commercial real
17 estate valued at or below five hundred thousand dollars.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HB NO. 300 ENROLLED
1 (2) An additional appraisal shall be required for immovable property every
2 third calendar year from the date the initial appraisal was obtained pursuant to
3 Paragraph (1) of this Subsection. For purposes of this Paragraph, a state bank may
4 perform an evaluation in lieu of an appraisal for residential immovable property
5 valued at or below two hundred fifty four hundred thousand dollars and for
6 commercial immovable property valued at or below five hundred thousand dollars.
7 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.