Senator Andre Jacque continued his winning streak last week, as he had yet another bill signed into law by Governor Tony Evers.
According to the 1st District State Senator, this law, which was co-sponsored by Representative Paul Tittl, aims to protect small businesses.
Jacque explained in a news release that the law, “Limits the time a lawsuit can be brought against a real estate appraiser to five years following the date of the report, consistent with other licensed professionals in Wisconsin such as CPAs.”
The measure also aligns with the Uniform Standards of Professional Appraisal Practice (USPAP) record-keeping requirements, which permit appraisers to destroy records after five years if state law allows.
Sen. Jacque also said that similar legislation was already in place in numerous other states, including Minnesota and Illinois.
