Pennsylvania § 5539 Real estate appraisals

Pennsylvania Statutes

§ 5539 — Real estate appraisals

Pennsylvania § 5539

JurisdictionPennsylvania

Title 42JUDICIARY AND JUDICIAL PROCEDURE

PartPART VI

Ch. 55LIMITATION OF TIME

Subch.CIVIL ACTIONS AND PROCEEDINGS

This text of Pennsylvania § 5539 (Real estate appraisals) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

42 Pa. Cons. Stat. § 5539 (2026).

Text

(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.

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(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.

Legislative History

(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.