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HB1429 • 2026
A BILL FOR AN ACT to amend the Indiana Code concerning civil law and procedure.
A BILL FOR AN ACT to amend the Indiana Code concerning civil law and procedure.
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
- Sponsor
- Representative Ben Smaltz
- Last action
- 2026-02-24
- Official status
- Enrolled House Bill (H)
- Effective date
- Not listed
Plain English Breakdown
The official source material does not specify the exact date when the law becomes effective or what happens if someone tries to sue after five years.
Law for Real Estate Appraisers
This law sets a time limit of five years to file a lawsuit against a licensed real estate appraiser or an appraisal management company starting from the day when the appraisal is completed, but only for appraisals done on or after July 1, 2026.
What This Bill Does
- Sets a new rule that says people have up to five years after getting an appraisal service to file a lawsuit against the person who did the appraisal.
- Applies this rule only for appraisals done on or after July 1, 2026.
Who It Names or Affects
- People who get real estate appraisals
- Licensed and certified real estate appraisers
- Registered appraisal management companies
Terms To Know
- Appraisal service date
- The day when the real estate appraisal is completed.
- Civil action
- A lawsuit or legal case in court.
Limits and Unknowns
- Does not say what happens if someone tries to sue after five years.
- The law does not change the rules for appraisals done before June 30, 2026.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: The amendment adds a new section to the Indiana Code that requires an appraisal service to provide a report within a certain timeframe.
- Adds a requirement for appraisal services to deliver their reports by a specific deadline.
- The exact details of the required timeframe and other specifics are not provided in the amendment text, making it unclear how this new section will be implemented.
Bill History
-
2026-02-24
House
Signed by the Governor
-
2026-02-24
House
Public Law 35
-
2026-02-18
Senate
Signed by the President of the Senate
-
2026-02-12
House
Signed by the Speaker
-
2026-02-12
Senate
Signed by the President Pro Tempore
-
2026-02-11
Senate
Returned to the House without amendments
-
2026-02-10
Senate
Third reading: passed; Roll Call 153: yeas 49, nays 1
-
2026-02-09
Senate
Second reading: ordered engrossed
-
2026-02-05
Senate
Committee report: do pass, adopted
-
2026-02-02
Senate
First reading: referred to Committee on Judiciary
-
2026-01-29
House
Referred to the Senate
-
2026-01-28
House
Third reading: passed; Roll Call 111: yeas 95, nays 0
-
2026-01-28
House
Senate sponsors: Senators Alexander, Koch, Freeman
-
2026-01-27
House
Second reading: ordered engrossed
-
2026-01-22
House
Committee report: amend do pass, adopted
-
2026-01-08
House
Authored by Representative Smaltz
-
2026-01-08
House
First reading: referred to Committee on Judiciary
Official Summary Text
A BILL FOR AN ACT to amend the Indiana Code concerning civil law and procedure.
Appraiser statute of limitations.
Current Bill Text
Read the full stored bill text
A BILL FOR AN ACT to amend the Indiana Code concerning civil law and procedure.
Appraiser statute of limitations.
Provides with regard to an appraisal or appraisal service performed after June 30, 2026, a civil action against a licensed or certified real estate appraiser or registered appraisal management company must be commenced not later than five years after the appraisal service date.