Real estate appraisals. (a)  General rule.-- Except as provided under subsection (b), an action to recover damages against a real

§ 5539.  Real estate appraisals. (a)  General rule.-- Except as provided under subsection (b), an action to recover damages against a real estate appraiser arising out of the appraiser's real estate appraisal activity shall be brought within five years after the date the appraisal was conducted. (b)  Exception.-- An action to recover damages against a real estate appraiser under subsection (a) may be filed more than five years after the date the appraisal was conducted if: (1)  there is evidence of fraud or intentional misrepresentation on the part of the real estate appraiser; or (2)  the appraisal was performed for a consumer as part of the purchase or sale of single-family residential real property not involving a lender. (Dec. 22, 2021, P.L.452, No.93, eff. 60 days) 2021 Amendment. Act 93 added section 5539. Section 2 of Act 93 provided that the five-year period of repose under section 5539 shall not apply to a cause of action which has accrued on or before the effective date of section 2.