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2021 SESSION
SB 1324 Actions against real estate appraisers/management companies; statute of limitations.
Introduced by: Siobhan S. Dunnavant | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
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 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 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 on or before July 1, 2021, shall be filed in a court of competent jurisdiction and proper venue on or before July 1, 2022, regardless of the date of discovery of the alleged malpractice, negligence, error, mistake, omission, or breach.
FULL TEXT
- 01/12/21 Senate: Prefiled and ordered printed; offered 01/13/21 21101827D pdf | impact statement
- 01/25/21 Senate: Printed as engrossed 21101827D-E pdf | impact statement
AMENDMENTS
HISTORY
- 01/12/21 Senate: Prefiled and ordered printed; offered 01/13/21 21101827D
- 01/12/21 Senate: Referred to Committee on General Laws and Technology
- 01/20/21 Senate: Reported from General Laws and Technology with amendments (15-Y 0-N)
- 01/22/21 Senate: Constitutional reading dispensed (37-Y 0-N)
- 01/25/21 Senate: Read second time
- 01/25/21 Senate: Reading of amendments waived
- 01/25/21 Senate: Committee amendments agreed to
- 01/25/21 Senate: Engrossed by Senate as amended SB1324E
- 01/25/21 Senate: Printed as engrossed 21101827D-E
- 01/26/21 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/02/21 House: Placed on Calendar
- 02/02/21 House: Read first time
- 02/02/21 House: Referred to Committee for Courts of Justice
- 02/08/21 House: Continued to Special Session 1 in Courts of Justice by voice vote