HB 1429: Appraiser statute of limitations. - Indiana

House Bill (S) → House Bill (H) · 3 edits

MINOR

The document has been updated from a House Bill (HB) to an Engrossed House Bill (EH), indicating it has passed the House and is now being processed by the Senate. The bill number and legislative text remain unchanged, but the status, dates, and sponsor information have been updated to reflect the bill's progression through the legislative process.

TIMELINE

The bill's timeline was updated to reflect its passage by the House on January 28, 2026, and its referral to the Senate Judiciary Committee on February 2, 2026.

TECHNICAL

Senate sponsors (Alexander, Koch, Freeman) and a Senate Committee Report were added, showing the bill was favorably reported by the Senate Judiciary Committee on February 5, 2026.

The bill identifier was changed from HB 1429 to EH 1429 to indicate the bill is now in its engrossed form, ready for final passage or Senate action.

Enrolled House Bill (H) → House Bill (S) · 3 edits

MINOR

The bill text was reformatted from an enrolled act style to a standard House Bill draft, and a committee report was added recommending specific text deletions to the final section. These changes represent procedural updates and proposed edits rather than substantive policy shifts.

Scope change

None; the bill's scope regarding the statute of limitations for real estate appraisers remains unchanged.

TECHNICAL

The document header was changed from 'Enrolled House Bill' to 'House Bill' to reflect its status as a draft version.

A committee report was inserted, recommending the deletion of specific lines and phrasing within the bill text.

The layout and formatting of the text were adjusted to match standard legislative drafting conventions.

Introduced House Bill (H) → Enrolled House Bill (H) · 5 edits · Feb 24, 2026

MODERATE

This bill transforms a draft proposal into an official enrolled law, finalizing the statutory text for the Indiana Code. The core policy change establishes a statute of limitations for lawsuits against real estate appraisers and appraisal management companies, setting a two-year deadline from when a plaintiff knows of the issue and a five-year absolute deadline from the service date, while explicitly excluding claims involving intentional fraud or willful misconduct.

Scope change

The bill's scope is now fixed as a new addition to the Indiana Code (IC 34-11-2-17), applying specifically to appraisal services performed after June 30, 2026, whereas the draft version was pending committee review.

TIMELINE

Established a two-year statute of limitations for filing civil claims against appraisers, starting when the plaintiff knew or should have known of the facts giving rise to the claim.

Set a five-year absolute deadline for filing claims, regardless of when the plaintiff discovered the issue, measured from the appraisal service date.

DEFINITION

Formally defined key terms including 'appraisal,' 'appraisal management company,' 'appraisal service date,' and 'real estate appraiser' to ensure consistent legal interpretation.

ENFORCEMENT

Created specific exemptions that bar the statute of limitations from applying to claims based on intentional fraud or willful misconduct.

TECHNICAL

Converted the document from a draft 'Introduced House Bill' with committee referral status to an 'Enrolled House Act' signed by the Governor and ready for implementation.

Appraiser statute of limitations.

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