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)