42 Pa.C.S. § 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.