Sec. 16.013. REAL ESTATE APPRAISERS AND APPRAISAL FIRMS. (a) In this section:
(1) "Appraisal" has the meaning assigned by Section 1103.003, Occupations Code.
(2) "Appraisal review" has the meaning assigned by Section 1104.003, Occupations Code.
(3) "Real estate appraisal firm" means an entity engaging a real estate appraiser as an owner, member, shareholder, partner, employee, or independent contractor to perform an appraisal or appraisal review.
(4) "Real estate appraiser" means an individual licensed or certified under Chapter 1103, Occupations Code.
(b) Except for an action for fraud or breach of contract, a person must bring suit for damages or other relief arising from an appraisal or appraisal review conducted by a real estate appraiser or appraisal firm not later than the earlier of:
(1) two years after the day the person knew or should have known the facts on which the action is based; or
(2) five years after the day the appraisal or appraisal review was completed.
Added by Acts 2021, 87th Leg., R.S., Ch. 328 (H.B. 1939), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Civil Practice and Remedies Code
Title 2 - Trial, Judgment, and Appeal
Subchapter A. Limitations of Personal Actions
Section 16.001. Effect of Disability
Section 16.002. One-Year Limitations Period
Section 16.003. Two-Year Limitations Period
Section 16.0031. Asbestos-Related or Silica-Related Injuries
Section 16.004. Four-Year Limitations Period
Section 16.0045. Limitations Period for Claims Arising From Certain Offenses
Section 16.005. Action for Closing Street or Road
Section 16.006. Carriers of Property
Section 16.007. Return of Execution
Section 16.009. Persons Furnishing Construction or Repair of Improvements
Section 16.010. Misappropriation of Trade Secrets