HB 24-1085 CO Passed One Chamber
Limitation on Actions against Appraisers
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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)
- Lisa Frizell Republican · primary
- Judy Amabile Democratic · primary
- Bob Gardner · primary
- Joann Ginal · primary
Action history (7)
- Mar 18, 2024 Senate Committee on Judiciary Postpone Indefinitely · upper
- Feb 20, 2024 Introduced In Senate - Assigned to Judiciary · upper
- Feb 12, 2024 House Third Reading Passed - No Amendments · lower
- Feb 9, 2024 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Feb 6, 2024 House Second Reading Laid Over Daily - No Amendments · lower
- Feb 1, 2024 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
- Jan 10, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower
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