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LouisianaHB 3002026 Regular SessionHouseWALLET

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

Sponsored By: Neil Riser (Republican)

Signed by Governor

Commerce, Consumer Protection and International AffairsCommerce

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Louisiana banks get a higher appraisal threshold

Louisiana state banks can use evaluations instead of appraisals for covered bank-owned residential property worth $400,000 or less. The residential limit rises from $250,000, while the commercial property limit stays at $500,000. Banks still need a current fair-market-value appraisal within a reasonable time before or after acquisition, unless an evaluation is allowed. Appraisals remain required at least every third calendar year after the initial appraisal, with evaluations allowed under the same limits. Banks must still follow generally accepted accounting principles for the property. The law does not require banks to pass savings to households.

Sponsors & Cosponsors

Sponsor

  • Neil Riser

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 147 • No: 0

Senate vote • 5/12/2026

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.

Yes: 33 • No: 0

House vote • 3/18/2026

Read third time by title, roll called on final passage, yeas 100, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 100 • No: 0

House vote • 3/11/2026

Reported favorably

Yes: 14 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 149.

    5/15/2026House

  2. Effective date: 08/01/2026.

    5/15/2026House

  3. Signed by the President of the Senate.

    5/14/2026Senate

  4. Sent to the Governor for executive approval.

    5/14/2026House

  5. Received from the Senate without amendments.

    5/13/2026House

  6. Enrolled and signed by the Speaker of the House.

    5/13/2026House

  7. 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.

    5/12/2026Senate

  8. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/4/2026Senate

  9. Read by title and referred to the Legislative Bureau.

    4/29/2026Senate

  10. Reported favorably.

    4/28/2026Senate

  11. Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    3/23/2026Senate

  12. Read third time by title, roll called on final passage, yeas 100, nays 0. Finally passed, title adopted, ordered to the Senate.

    3/18/2026House

  13. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    3/18/2026Senate

  14. Scheduled for floor debate on 03/18/2026.

    3/17/2026House

  15. Read by title, ordered engrossed, passed to 3rd reading.

    3/16/2026House

  16. Reported favorably (14-0).

    3/11/2026House

  17. Read by title, under the rules, referred to the Committee on Commerce.

    3/9/2026House

  18. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

  19. Prefiled.

    2/24/2026House

  20. Under the rules, provisionally referred to the Committee on Commerce.

    2/24/2026House

Bill Text

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