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Limitation on Actions against Appraisers

Concerning establishing a limitation of actions against an individual performing a real estate appraisal practice.
2024 Regular Session
Courts & Judicial
Bill Summary

Under current law, the statute of limitation to bring a claim against a real estate appraiser does not commence until the party filing the claim discovers, or should discover, an alleged defect in the appraisal.

The bill requires a claimant to bring an action against a real estate appraiser or individual performing a real estate appraisal practice within 3 years after the date of report; except that, if a cause of action arises during the third year after the date of report, the action must be brought within 2 years after the date the cause of action arose 5 years after the date of report. The bill does not apply to actions for fraud brought against a real estate appraiser or individual performing an appraisal practice.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)




Bill Text


Sponsor Type Legislators
Prime Sponsor

Rep. J. Amabile, Rep. L. Frizell
Sen. B. Gardner, Sen. J. Ginal



Rep. M. Catlin, Rep. B. Marshall

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The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details