VA HB53 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 22 2023 - 25% progression
Action: 2024-02-13 - Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

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 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. 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 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.

Tracking Information

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Title

Actions against real estate appraisers or appraisal management companies; statute of limitations.

Sponsors


Roll Calls

2024-02-05 - House - House: Subcommittee recommends laying on the table (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]
2024-01-30 - House - House: Reported from General Laws (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - House - House: Subcommittee recommends reporting (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-02-13HouseLeft in Courts of Justice
2024-02-05HouseSubcommittee recommends laying on the table (5-Y 3-N)
2024-02-02HouseAssigned Courts sub: Civil
2024-01-30HouseReferred to Committee for Courts of Justice
2024-01-30HouseReported from General Laws (22-Y 0-N)
2024-01-25HouseSubcommittee recommends referring to Committee for Courts of Justice
2024-01-25HouseSubcommittee recommends reporting (7-Y 0-N)
2024-01-15HouseAssigned GL sub: Professions/Occupations and Administrative Process
2023-12-22HouseReferred to Committee on General Laws
2023-12-22HousePrefiled and ordered printed; offered 01/10/24 24100658D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5412019.1(n/a)See Bill Text
5412024(n/a)See Bill Text

Virginia State Sources


Bill Comments

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