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

HB 300 increases the dollar thresholds at which Louisiana state banks must obtain a full appraisal for bank-owned properties instead of using internal evaluations. Specifically, it raises the residential threshold from $250,000 to $400,000 and maintains the commercial threshold at $500,000. This change directly affects state banks handling property acquisitions or valuations below these new limits, reducing their administrative burden for lower-value properties. The bill modifies existing law to align with updated market conditions while requiring appraisals for properties exceeding these thresholds every three years. It does not alter consumer protections or create new requirements beyond the specified valuation limits.