Mississippi § 81-14-163 - Test appraisals of collateral for loans; expense paid.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-163 — Test appraisals of collateral for loans; expense paid., with citation guidance and answers to common questions.
§ 81-14-163. Test appraisals of collateral for loans; expense paid.
The commissioner may direct the making of test appraisals of real estate and other collateral securing loans made by savings banks doing business in this state, employ competent appraisers, or prescribe a list from which competent appraisers may be selected, for the making of such appraisals by the commissioner, or any and all other acts incident to the making of such test appraisals. In lieu of such appraisals, the commissioner may accept an appraisal caused to be made by the insurer of accounts. The expense and cost of test appraisals made pursuant to this section shall be defrayed by the savings bank subjected to such test appraisals. Each savings bank doing business in this state shall pay all reasonable costs and expenses of such test appraisals when directed.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-14-163
What does Mississippi Code of 1972 Annotated § 81-14-163 cover?
Section 81-14-163 ("Test appraisals of collateral for loans; expense paid.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 81-14-163?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-163" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 81-14-163 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.