Virginia House Bill 1748 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 8 2020 - 25% progression, died in committee
Action: 2021-02-05 - Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Prefiled) [HTML]

Actions against real estate appraisers or appraisal 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 one year from the date that the alleged malpractice, negligence, error, mistake, omission, or breach is discovered or should have been discovered, and in no case more than 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.

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

Del. Lee Ware [R]

Date	Chamber	Action
2021-02-05	House	Left in Courts of Justice
2020-12-08	House	Referred to Committee for Courts of Justice
2020-12-08	House	Prefiled and ordered printed; offered 01/13/21 21100748D

Chapter	Article	Section	Citation Type	Statute Text
54	1	2019.1	(n/a)	See Bill Text
54	1	2024	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+HB1748
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+HB1748+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+HB1748F122+PDF