Action arising out of real estate appraisal activity
(1) Except as provided in subsection (2) of this section, an action arising out of real estate appraisal activity, as defined in ORS 674.010 (Definitions), must be commenced before the earlier of:
(a) The applicable period of limitation otherwise established by law; or
(b) Six years after the date of the act or omission giving rise to the action.
(2) Subsection (1)(b) of this section does not apply to an action arising out of real estate appraisal activity based on fraud or misrepresentation. [2017 c.143 §1]
Note: 12.132 (Action arising out of real estate appraisal activity) was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 12 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
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