H1255B1329A02915 MSP:JMT 11/08/21 #90 A02915
AMENDMENTS TO HOUSE BILL NO. 1255
Sponsor: SENATOR BAKER
Printer's No. 1329
Amend Bill, page 1, line 9, by striking out "Any" and
inserting
(a) General rule.--Except as provided under subsection (b),
an
Amend Bill, page 1, lines 11 through 14, by striking out "one
year from a person's discovery of" in line 11, all of lines 12
and 13 and "appraiser be brought more than" in line 14
Amend Bill, page 1, line 16, by striking out all of said line
and inserting
(b) Exception.--An action to recover damages against a real
estate appraiser under subsection (a) may be filed more than
five years after the date the appraisal was conducted if:
(1) there is evidence of fraud or intentional
misrepresentation on the part of the real estate appraiser;
or
(2) the appraisal was performed for a consumer as part
of the purchase or sale of single-family residential real
property not involving a lender.
Section 2. The five-year period of repose under 42 Pa.C.S. ยง
5539 shall not apply to a cause of action which has accrued on
or before the effective date of this section.
Section 3. This act shall take effect as follows:
(1) The following provisions shall take effect
immediately:
(i) Section 2.
(ii) This section.
(2) The remainder of this act shall take effect in 60
days.
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