Montana HB135 establishes statutes of repose for claims against real estate appraisers, firms, and management companies.
Montana HB135 creates statutes of repose for claims against real estate appraisers, real estate appraisal firms, and appraisal management companies. Specifically, it limits the time for commencing actions for damages or other relief to five years after the completion of an appraisal or appraisal review. For breach of contract claims, the limit is eight years. These time limits apply to actions arising from appraisals or reviews conducted by real estate appraisers, firms, or management companies.
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