SLS 19RS-399 ORIGINAL
2019 Regular Session
SENATE BILL NO. 191
BY SENATOR CHABERT
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
REAL ESTATE. Provides actions for damages against real estate appraisers, appraisal
management companies, and real estate appraisal companies. (8/1/19)
1 AN ACT
2 To enact R.S. 9:5610, relative to civil liability for damages; to provide for peremption of
3 actions for damages against real estate appraisers, appraisal management companies,
4 and real estate appraisal companies; to provide for a prescriptive period for such
5 actions; to provide for applicability; to provide for exceptions; and to provide for
6 related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 9:5610 is hereby enacted to read as follows:
9 ยง5610. Actions against real estate appraisers, appraisal management
10 companies, and real estate appraisal companies; prescriptive and
11 peremptive periods
12 A. No action for damages against any real estate appraiser or appraisal
13 management company duly licensed under the laws of this state, or against any
14 real estate appraisal company, whether based in tort, breach of contract, or
15 otherwise arising out of an agreement to perform real estate appraisal services
16 or appraisal management company services, shall be brought unless filed in a
17 court of competent jurisdiction and proper venue within one year from the date
Page 1 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 191
SLS 19RS-399 ORIGINAL
1 of the act, omission, or neglect, or within one year from the date that the alleged
2 act, omission, or neglect is discovered or should have been discovered; however,
3 even as to actions filed within one year from the date of such discovery, in all
4 events such actions shall be filed at the latest within three years from the date
5 of the act, omission, or neglect.
6 B. The provisions of this Section are remedial and apply to all causes of
7 action without regard to the date when the alleged act, omission, or neglect
8 occurred. However, with respect to any alleged act, omission, or neglect
9 occurring prior to August 1, 2019, actions shall, in all events, be filed in a court
10 of competent jurisdiction and proper venue on or before August 1, 2020,
11 without regard to the date of discovery of the alleged act, omission, or neglect.
12 The one-year and three-year periods of limitation provided in Subsection A of
13 this Section are peremptive periods within the meaning of Civil Code Article
14 3458 and, in accordance with Civil Code Article 3461, may not be renounced,
15 interrupted, or suspended.
16 C. Notwithstanding any other law to the contrary, the prescriptive and
17 peremptive period in all actions brought in this state against any real estate
18 appraiser, appraisal management company, or real estate appraisal company
19 shall be governed exclusively by the provisions of this Section, and the scope of
20 the duty to clients and nonclients shall be determined exclusively by applicable
21 Louisiana rules of law, regardless of the domicile of the parties involved.
22 D. The prescriptive period provided in Subsection A of this Section shall
23 not apply in cases of fraud, as defined in Civil Code Article 1953.
24 E. The prescriptive period provided in Subsection A of this Section shall
25 not apply to any proceedings initiated by the Louisiana Real Estate Appraisers
26 Board.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 191
SLS 19RS-399 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Angela L. De Jean.
DIGEST
SB 191 Original 2019 Regular Session Chabert
Proposed law provides that no action for damages against any real estate appraiser, appraisal
management company, or real estate appraisal company, arising out of an engagement to
perform real estate appraisal services, shall be brought unless filed within one year from the
date of the act, omission, or neglect, or within one year from the date that the alleged act,
omission, or neglect is discovered or should have been discovered, but in all events such
actions shall be filed at the latest within three years from the date of the act, omission, or
neglect.
Provides that proposed law is remedial and applies to all causes of action without regard to
the date when the alleged act, omission, or neglect occurred.
Proposed law provides that the one-year and three-year periods of limitation are peremptive
periods within the meaning of Civil Code Art. 3458 and, in accordance with Civil Code Art.
3461, may not be renounced, interrupted, or suspended.
Provides that all actions subject to the provision of proposed law shall be determined
exclusively by applicable Louisiana rules of law, regardless of the domicile of the parties
involved.
Proposed law shall not apply in cases of fraud and shall not apply to any proceedings
initiated by the La. Real Estate Appraisers Board.
Effective August 1, 2019.
(Adds R.S. 9:5610)
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.