Lisa Frizell
- Republican
- Senator
- District 2
Primary
Under current law, the statute of limitations to bring certain claims against a real estate appraiser does not start until the party filing the claim has discovered, or should have discovered, an alleged defect in the appraisal. The act requires a claimant to bring an action against a real estate appraiser (appraiser) within 5 years after the date the appraisal report is completed and transmitted to a client. The 5-year limitation does not apply to an action against an appraiser for a defective appraisal report or service if the action is brought by: A consumer who is an original party to a residential mortgage loan or residential real estate transaction; or A mortgage originator who must repurchase a loan. The 5-year limitation also does not apply to an action for fraud, for misrepresentation, or for a discriminatory housing practice brought against an appraiser. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Second Reading Laid Over Daily - No Amendments
House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Business Affairs & Labor
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Committee
Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Business, Labor, & Technology
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/31/2025) | |
| Final Act (04/29/2025) | |
| Rerevised (04/14/2025) | |
| Revised (04/11/2025) | |
| Reengrossed (02/25/2025) | |
| Engrossed (02/24/2025) | |
| Introduced (01/08/2025) | |
| PA1 (02/21/2025) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (01/22/2025) | |
| Fiscal Note FN2 (08/04/2025) |
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