HB53
Actions against real estate appraisers or appraisal management companies; statute of limitations.
Summary
As Introduced. Actions against real estate appraisers or appraisal management companies; statute of limitations.
Provides that no action for damages or other relief alleging that a certified general real estate appraiser, a certified residential real estate appraiser, a licensed residential real estate appraiser, or an appraisal management company committed malpractice or negligence or an error, mistake, omission, or breach in an appraisal or appraisal ... (More) report, whether based on contract or tort, shall be brought unless it is filed in a court of competent jurisdiction and proper venue within five years from the date of the alleged malpractice, negligence, error, mistake, omission, or breach. The bill provides exceptions for actions alleging fraud and proceedings initiated by the Real Estate Appraiser Board. The bill provides that any action for damages or other relief alleging that a certified general real estate appraiser, a certified residential real estate appraiser, a licensed residential real estate appraiser, or an appraisal management company committed malpractice or negligence or an error, mistake, omission, or breach in an appraisal or appraisal report before July 1, 2024, shall be filed in a court of competent jurisdiction and proper venue within two years of the occurrence of such malpractice, negligence, error, mistake, omission, or breach, regardless of the date of discovery of such occurrence. (Less)-
Bill History
- 12/22/2023 - House: Prefiled and ordered printed; offered 01/10/24 24100658D
- 12/22/2023 - House: Referred to Committee on General Laws
- 01/15/2024 - House: Assigned GL sub: Professions/Occupations and Administrative Process
- 01/25/2024 - House: Subcommittee recommends reporting (7-Y 0-N)
- 01/25/2024 - House: Subcommittee recommends referring to Committee for Courts of Justice
- 01/30/2024 - House: Reported from General Laws (22-Y 0-N)
- 01/30/2024 - House: Referred to Committee for Courts of Justice
- 01/31/2024 - House: Impact statement from DPB (HB53)
- 02/02/2024 - House: Assigned Courts sub: Civil
- 02/05/2024 - House: Subcommittee recommends laying on the table (5-Y 3-N)
- 02/13/2024 - House: Left in Courts of Justice
