§823. Appraisal
No investment in a real estate loan shall be made until either an independent qualified person, a central appraisal bureau, or an appraisal committee approved by the board of directors shall have made a physical inspection and submitted a signed appraisal of the value of the real estate securing such loan.
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
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