§ 5539. Real estate appraisals.
270 words·~1 min read·
/pa/title-42/chapter-55/5539A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5539. Real estate appraisals.
(a)General rule.-- Except as provided under subsection (b), an action to recover damages against a real estate appraiser arising out of the appraiser's real estate appraisal activity shall be brought within five years after the date the appraisal was conducted.
(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.
42c5539v
(Dec. 22, 2021, P.L.452, No.93, eff. 60 days)
2021 Amendment. Act 93 added section 5539. Section 2 of Act 93 provided that the five-year period of repose under section 5539 shall not apply to a cause of action which has accrued on or before the effective date of section 2.
42c5551h
SUBCHAPTER C
CRIMINAL PROCEEDINGS
Sec.
5551. No limitation applicable.
5552. Other offenses.
5553. Summary offenses involving vehicles.
5554. Tolling of statute.
Prior Crimes and Offenses. Section 25(c) of Act 142 of 1976 provided that the period of limitations specified in Act 142 with respect to crimes and offenses shall not apply to crimes and offenses committed before the effective date of Title 18 (Crimes and Offenses) and the prior statutes of limitation are hereby continued in force as to such crimes and offenses.
Cross References. Subchapter C is referred to in section 7507.1 of Title 18 (Crimes and Offenses).
42c5551s