Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 55 - Limitation of Time
Section 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.
(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.

Structure Pennsylvania Consolidated & Unconsolidated Statutes