Bill > H292

This bill establishes a three-year statute of limitations, meaning the time limit for filing a lawsuit, for various actions related to residential home purchases and related services. Specifically, it sets this three-year limit for lawsuits stemming from a home sale conducted by a real estate broker, from a home appraisal conducted by a home appraiser, from a residential property mortgage application submitted to a mortgage broker, and from residential contracting work performed by a registered contractor, with the clock starting from the date of the completed sale, appraisal report, mortgage application, or completion of the contracting work, respectively.