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Limitation on Actions Against Appraisers

February 4, 2024



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.