Bill: SB 939, 86(R) - 2019

Committee

Senate Business & Commerce

2nd Chamber Committee

House Judiciary & Civil Jurisprudence

Companion Bill

HB 1116

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Neutral Neutral Neutral Neutral Neutral Neutral

Author(s)

Brandon Creighton

Sponsor(s)

John Wray

Bill Caption

Relating to the limitations periods for certain suits against real estate appraisers and appraisal firms.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

SB 939 would, except for a suit based on fraud or breach of contract, require a person to 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.

Vote Recommendation Notes

Texas Action remains neutral on SB 939 because it does not affect our liberty principles.


Source URL (retrieved on 04/25/2024 04:04 PM): http://reports.texasaction.com/bill/86r/sb939?print_view=true