IndianaAppraisal-related civil claims must be filed within five years
Starting July 1, 2026, people bringing civil claims over appraisal work must file within five years, except for fraud, willful misconduct, and licensing or enforcement cases.
What it does
People bringing civil claims over appraisals must file within five years of the service date. The deadline excludes intentional fraud, willful misconduct, and licensing or enforcement cases.
Argument forA five-year deadline could give appraisers and appraisal companies a clearer end point for facing civil claims over their work.
Argument againstThe deadline could keep people from seeking compensation for appraisal-related harm they discover more than five years later, unless the claim involves fraud or willful misconduct.
More detail
A person must start a civil case over an appraisal within five years of the appraisal service date. It covers claims for damages or other relief against a licensed real estate appraiser or a registered appraisal management company related to an appraisal or appraisal service. The deadline does not cover cases based on intentional fraud or willful misconduct, or licensing, discipline, and administrative enforcement cases. The rule applies only to appraisals or appraisal services performed on or after July 1, 2026. The five-year period starts from the date on the report, or when the service was or should have been performed under the agreement.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 24Signed by the Governor Mike BraunBecame Law
- Feb 24Public Law 35Major
- Feb 18Signed by the President of the SenateMajor
- Feb 12Signed by the President Pro TemporeMajor
- Feb 12Signed by the SpeakerMajor
- Feb 11Returned to the House without amendmentsMinor
- Feb 10Third reading: passed; Roll Call 153: yeas 49, nays 1Passed Senate
- Vote recorded HB 1429 - Alexander - 3rd Reading. Result: pass.Upper
- Feb 9Second reading: ordered engrossedMinor
- Feb 5Committee report: do pass, adoptedMinor
- Feb 2First reading: referred to Committee on JudiciaryMinor
- Jan 29Referred to the SenateMinor
- Jan 28Senate sponsors: Senators Alexander, Koch, Freeman
- Vote recorded HB 1429 - Smaltz - 3rd Reading. Result: pass.Lower
- Jan 28Third reading: passed; Roll Call 111: yeas 95, nays 0Passed House
- Jan 27Second reading: ordered engrossedMinor
- Jan 22Committee report: amend do pass, adoptedMinor
- Jan 8First reading: referred to Committee on JudiciaryMinor
- Jan 8Authored by Representative SmaltzIntroduced
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