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HB 300

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

2026 Regular Session Introduced by Neil Riser

HB 300 changes when formal appraisals are required for bank-owned property, potentially speeding or delaying sales by altering the appraisal threshold.

Effective date: 08/01/2026.
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WeVote Research Nonpartisan
Bill Summary · HB 300

Summary of bill HB 300 (2026) – Louisiana

Overview

HB 300, introduced in the 2026 legislative session in Louisiana, concerns the appraisal threshold related to bank-owned property. The bill appears to adjust the level at which property appraisals are required in transactions involving bank-owned real estate. The measure is sponsored by Representative (and co-sponsor) Neil Riser.

Purpose and Intent

  • The primary aim is to modify the appraisal threshold for bank-owned property, potentially affecting how and when independent appraisals are triggered for foreclosed or bank-held real estate.
  • By adjusting appraisal thresholds, the bill seeks to streamline transactions, reduce delays, or alter compliance requirements for banks and potential buyers when dealing with bank-owned properties.

Key Provisions (as inferred from the title and typical framework)

While the full text is not provided here, the bill’s title indicates the following likely elements:
- A specific threshold (e.g., dollar amount or percentage) determining when a formal appraisal is required for bank-owned real estate transactions.
- Possible references to existing statutory thresholds that govern appraisals for real estate transactions and refinancing.
- Provisions detailing how the threshold is calculated or applied in practice (e.g., whether it applies to sale price, loan amount, or property type).
- Clarifications on who is exempt or subject to the threshold (e.g., bank-owned properties sold at auction vs. direct sale).
- Administrative or regulatory alignment with banking or real estate licensing requirements.

Note: Without the full text, the exact numeric threshold and nuanced regulatory language cannot be stated.

Affected Parties and Impacts

  • Banks and financial institutions holding bank-owned properties (foreclosures or REO assets): The threshold change will dictate when an appraisal is required, potentially reducing or increasing the frequency of appraisals.
  • Buyers of bank-owned property: Could affect due diligence timelines and the assurance provided by independent appraisals.
  • Real estate professionals and appraisers: May see changes in workload and timing for appraisals of bank-owned properties.
  • State regulatory/administrative bodies overseeing real estate transactions and banking: May need to implement or enforce the new threshold in records and disclosures.

Procedural and Timeline Details

  • Prefiled: February 24, 2026.
  • First appearance in interim: February 27, 2026.
  • Read in and placed on calendar for a second reading: March 18, 2026 (House).
  • Reported favorably by committee: March 11, 2026 (14-0).
  • Passed House floor to third reading and final passage: May 4, 2026 (reported without Legislative Bureau amendments; read by title and passed to third reading and final passage).
  • Senate action: Received in the Senate on March 18, 2026; read first time and placed on calendar for second reading. (No final Senate action detailed in the action history provided.)

Practical Notes

  • The bill’s impact will depend on the exact threshold amount and the scope of applicability (e.g., all bank-owned sales vs. only certain transactions).
  • If the threshold increases, more bank-owned transactions may proceed with limited appraisal requirements; if it decreases, more transactions may require formal appraisals, affecting timelines and costs.
  • Stakeholders should watch for the full text to confirm the specific numerical threshold, any exceptions, and effective date.

If you’d like, I can incorporate the exact statutory language and estimate the fiscal impact once the bill’s full text is available.

Compiled from official sources — confirm details with the bill’s official record.

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