Louisiana § RS 37:3415.8 - Owner requirements
Full text of Louisiana Louisiana Civil Code § RS 37:3415.8 — Owner requirements, with citation guidance and answers to common questions.
§ RS 37:3415.8. Owner requirements
A. An appraisal management company applying for a license in this state shall not be owned by any person who has had a license or certificate to act as an appraiser, real estate broker or agent, mortgage broker, or mortgage originator, which combined are considered to be "real estate or lending-related licenses" refused, denied, suspended, canceled, surrendered in lieu of revocation, or revoked in the past in any state.
B. Any licensed appraisal management company with an owner or employee who is subsequently refused or denied a real estate or lending-related license in any state, shall notify the board in writing within ten days of such action.
C. Any licensed appraisal management company with an owner or employee whose real estate or lending-related license has been refused, denied, suspended, canceled, surrendered in lieu of revocation, or revoked subsequent to being registered shall notify the board in writing within ten days of such action.
D. Either refusal or revocation of any real estate or lending-related license in any state shall be grounds for denying renewal of the appraisal management company's license. However, failure to notify the board of refusal, suspension, revocation, or cancellation of the licenses within ten days of such action shall be cause for revocation of an appraisal management company's license.
E. Each person that has any ownership interest in an appraisal management company in this state shall comply with all of the following:
(1) Be of good moral character, as determined by the board.
(2) Submit to a background investigation, as determined by the board.
(3) Certify to the board that the person has never had a license to act as an appraiser refused, denied, canceled, suspended, surrendered in lieu of revocation, or revoked in this state or in any other state.
Acts 2009, No. 502, §1, eff. Jan. 1, 2010; Acts 2022, No. 415, §1, eff. June 15, 2022.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 37:3415.8
What does Louisiana Civil Code § RS 37:3415.8 cover?
Section RS 37:3415.8 ("Owner requirements") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 37:3415.8?
A common citation format is "Louisiana Civil Code § RS 37:3415.8" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 37:3415.8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.