Louisiana Administrative Code
Title 70 - TRANSPORTATION AND DEVELOPMENT
Part XVII - Real Estate
Chapter 5 - Appraisal Handbook for Fee Appraisers
Section XVII-575 - Property Inspection with the Owner(s) (Formerly Section 537)
Universal Citation: LA Admin Code XVII-575
Current through Register Vol. 50, No. 3, March 20, 2024
A. A reasonable effort shall be made to contact and meet with the owners or their designated representatives in order to afford them the opportunity to accompany the appraiser on inspection of the property being appraised. The appraiser is not obligated to meet the owner at any place other than the property being appraised or the nearest point of public access to the property being appraised.
B. Tasks for the Appraiser to Perform in Making Contact with the Owner(s)
1. Mail a form letter along with a stamped,
addressed return envelope. All owners listed on provided title research reports
are to be afforded an opportunity to meet. A copy will be forwarded to the
District Real Estate Manager, the project review appraiser and included within
the appraisal report. It is recommended that the letter to the owners be
transmitted by certified mail.
2.
Telephone contact is acceptable if it is followed by a detailed written report
of owner contact including the name of the person(s) contacted, time of meeting
and date. Copies must be sent to the District Real Estate Manager, project
review appraiser, and included within the appraisal report.
C. The site inspection shall not be made until the following criteria are met:
1. a meeting is scheduled with the owner(s);
or
2. the owner(s) replies that
he/she/they do not wish to accompany the appraiser on the site inspection;
or
3. three weeks have passed since
the date of the notification letter mailing to the owner(s), there is no reply
and the letter is not returned "undeliverable".
AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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