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FL H0213
Bill
Status
Passed
6/16/2023
Primary Sponsor
Judiciary Committee
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AI Summary
- Creates Section 95.371, Florida Statutes, establishing a 2-year statute of limitations for damage claims against real estate appraisers and appraisal management companies, starting from the date the alleged act or omission is discovered or should have been discovered, with an absolute 4-year cap from the date services were performed
- All damage or relief actions against appraisers and appraisal management companies for appraisal or appraisal management services are governed exclusively by this new section, overriding any other existing law
- Exempts administrative proceedings initiated by the board or department and any actions founded upon fraud from the new limitations periods
- Applies to actions accruing on or after July 1, 2023; actions accruing before that date that were not already barred must be commenced by July 1, 2024, or they are permanently barred
- Effective date is July 1, 2023
Legislative Description
Limitation of Actions Involving Real Estate Appraisers and Appraisal Management Companies
Last Action
Chapter No. 2023-223
6/16/2023
Committee Referrals
Judiciary3/22/2023
Regulatory Reform & Economic Development Subcommittee3/15/2023
Civil Justice Subcommittee1/25/2023
Full Bill Text
No bill text available