§ 64.Valuation of Real Estate
Chapter 2: General Provisions · Not amended since adoption on record · Last verified August 3, 2026
Full Text of § 64
Amendment History
R.L. 1910, § 5345.
Plain-English Summary
Section 64 fills in how the real estate offered under Section 63 gets valued. The officer responsible for accepting and approving the mortgage, guaranty, or indemnity must obtain affidavits from two freeholders who know land values in the community where the property sits.
The same officer has the authority to administer the oaths and take those affidavits directly, without sending the freeholders to a separate notary or court official.
Frequently Asked Questions
Who values the real estate offered as a mortgage-bond under Section 63?
Two freeholders who are versed in land values in the community where the property is located, by affidavit.
Can the officer accepting the bond administer the oath for these valuation affidavits?
Yes, the section gives that officer the authority to administer the oaths and take the affidavits.
What happens if one of these valuation affidavits turns out to be false?
Section 65 makes a willfully false valuation affidavit perjury, and makes an officer who knowingly accepts a false one guilty of subornation of perjury.