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HB 24-1085 CO
Passed One Chamber

Limitation on Actions against Appraisers

CO · session 2024A · Assembly / House · bill

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Introduced Jan 10, 2024

Latest action (Mar 18, 2024) Introduced In House - Assigned to Business Affairs & Labor

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.)

Sponsors (4)

Action history (7)

  1. Mar 18, 2024 Senate Committee on Judiciary Postpone Indefinitely · upper
  2. Feb 20, 2024 Introduced In Senate - Assigned to Judiciary · upper
  3. Feb 12, 2024 House Third Reading Passed - No Amendments · lower
  4. Feb 9, 2024 House Second Reading Special Order - Passed with Amendments - Committee · lower
  5. Feb 6, 2024 House Second Reading Laid Over Daily - No Amendments · lower
  6. Feb 1, 2024 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
  7. Jan 10, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower

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