Create statutes of repose for claims against real estate appraisers

The document structure changed to include official enrollment markings, such as the Governor's signature block and certification by the Chief Clerk and Speaker of the House, indicating the bill has passed all legislative stages.

Page headers and footers were updated to reflect the specific bill number (HB0135.2) and the enrolled status, replacing the generic authorized print version headers.

Minor formatting adjustments were made to the text layout, including line breaks and spacing, but no words or legal provisions were added, removed, or altered.

The statute of repose for general damages claims against appraisers was set to five years after the appraisal is completed.

The statute of repose for breach of contract claims related to appraisals was set to eight years after the appraisal is completed.

The document was updated from a draft legislative version to an enrolled bill, indicating it has been signed into law by the Governor and both legislative chambers.

The statute of limitations for breach of contract claims arising from appraisals was changed from a fixed 8-year period to the period specified in 27-2-202(1).

The bill number was updated from HB 135.1 to HB0135.2, and the page header text was adjusted accordingly.

The order of the definitions for 'Appraisal', 'Appraisal management company', 'Appraisal review', and 'Real estate appraisal firm' was rearranged, though the definitions themselves remain unchanged.

Added a formal definition for 'appraisal management company' to clarify which entities are subject to the new statute of limitations.

Established an 8-year statute of limitations for breach of contract claims arising from appraisals, replacing a fragmented and unclear previous structure.

Reformatted the bill text, changing the designation from HB 135.2 to HB 135.1 and renumbering sections for consistency.

Added a requirement that breach of contract actions arising from appraisals must follow the 8-year statute of limitations specified in state law.

Reordered the list of defined terms (appraisal, appraisal management company, etc.) from a numbered list to an alphabetical list for clarity.

Updated the bill header and version numbers to indicate the document has been amended or renumbered during the legislative process.

Added 'appraisal management company' to the list of entities subject to the new statute of limitations for appraisal disputes.

Reorganized the statute of limitations section to clearly state the eight-year deadline for filing breach of contract actions arising from appraisals or appraisal reviews.

Updated the bill number from HB0135.2 to HB 135.1 and adjusted line numbering and formatting throughout the document.

Added a specific 8-year statute of limitations for breach of contract actions arising from appraisals.

Modified the legal text to reference a specific state code section (27-2-202(1)) regarding the period of limitation.

Reorganized the definitions of key terms such as 'appraisal' and 'appraisal management company' into a numbered list format.

The bill number was changed from LC0196 to HB 135 throughout the document, reflecting a procedural update in the legislative tracking system.