Pennsylvania § 5539 - Real estate appraisals.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 5539 — Real estate appraisals., with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Pennsylvania § 5539
What does Pennsylvania Consolidated Statutes § 5539 cover?
Section 5539 ("Real estate appraisals.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 5539?
A common citation format is "Pennsylvania Consolidated Statutes § 5539" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 5539 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.