Limitation on Actions Against Appraisers

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

• 2024-03-18 / Failed
  Senate Committee on Judiciary Postpone Indefinitely
• 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.