This website uses cookies to improve your experience on the site. By continuing to use this site, you agree to the use of cookies. To learn more about how we use cookies, please see our Cookie Policy.

Limitation on Actions Against Appraisers

February 4, 2024

HB24-1085

Summary

Under current law, the statute of limitation to bring a claim against a real estate appraiser begins to run when the party discovers an alleged defect in the appraisal. HB24-1085 would require a claimant to bring an action against a real estate appraiser within 5 years after the date of the appraisal report, except that an action for fraud must be brought within 3 years after the cause of action accrues.

Legislative Updates

  • 2024-02-20 / Engrossed
    Introduced in Senate - Assigned to Judiciary
  • 2024-02-12
    House Third Reading Passed - No Amendments
  • 2024-02-09
    House Second Reading Special Order - Passed with Amendments - Committee
  • 2024-02-06
    House Second Reading Laid Over Daily - No Amendments
  • 2024-02-01 / Introduced
    House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
  • 2024-01-10
    Introduced In House - Assigned to Business Affairs & Labor


This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact DGS partner, Sarah Kellner.

Attorneys

Events

Pages

Articles