ColoradoLimitation of Actions Against Appraisers
What it does
Under current law, the statute of limitations to bring certain claims against a real estate appraiser does not start until the party filing the claim has discovered, or should have discovered, an alleged defect in the appraisal. The act requires a claimant to bring an action against a real estate appraiser (appraiser) within 5 years after the date the appraisal report is completed and transmitted to a client. The 5-year limitation does not apply to an action against an appraiser for a defective appraisal report or service if the action is brought by:
More detail
A consumer who is an original party to a residential mortgage loan or residential real estate transaction; or A mortgage originator who must repurchase a loan.
The 5-year limitation also does not apply to an action for fraud, for misrepresentation, or for a discriminatory housing practice brought against an appraiser. (Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 31Governor Jared Polis SignedBecame Law
- Apr 29Signed by the President of the Senate
- Apr 29Signed by the Speaker of the House
- Apr 29Sent to the GovernorTo Governor
- Apr 14House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 11House Second Reading Special Order - Passed - No Amendments
- Apr 8House Second Reading Laid Over Daily - No Amendments
- Apr 3House Committee on Business Affairs & Labor Refer Unamended to House Committee of the WholeMinor
- Feb 26Introduced In House - Assigned to Business Affairs & LaborMinor
- Feb 25Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Feb 24Senate Second Reading Passed with Amendments - CommitteeMinor
- Feb 20Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the WholeMinor
- Jan 8Introduced In Senate - Assigned to Business, Labor, & TechnologyIntroduced