Vote Smart's Synopsis:

Vote to pass a bill that limits the time frame in which an individual is authorized to bring a lawsuit against a real estate appraiser.

Highlights:

• Requires an individual to file a lawsuit against a real estate appraiser for damages within 1 year of the alleged act, omission or neglect, or 1 year after discovering it (Sec. 1). 

• Limits the time that an individual has to file a lawsuit against a real estate appraiser to 3 years from the date that the alleged mistake or omission took place (Sec 1).

Full Bill Text