Louisiana Appraisal Management Company Bond ($20,000) Under the terms of LA R.S. 37:3415.3.D(1), every applicant for an Appraisal Management Company license, or renewal of such license, shall file a corporate bond, cash bond, or security with the Louisiana Real Estate Appraisers Board to secure compliance with the Appraisal Management Company Licensing and Regulation Act, R.S. 37:3415.1, et seq., and every Appraisal Management Company shall fully and faithfully observe the express provisions of the Act and the Rules and Regulations promulgated and adopted there under by the Louisiana Real Estate Appraisers Board pursuant to the authority of the Act.