Credit Repair Organizations Act

The Credit Repair Organizations Act is a federal statute that protects consumers by regulating credit repair organizations. The text of this statute is provided as general information to the public. It may be amended, revised, or rescinded at any time without notice. This information is not intended to be legal advice. For more information, please see our disclaimer.

15 U.S.C. § 1679i. Statute of limitations

Any action to enforce any liability under this title [15 USCS §§ 1679 et seq.] may be brought before the later of--
(1) the end of the 5-year period beginning on the date of the occurrence of the violation involved; or
(2) in any case in which any credit repair organization has materially and willfully misrepresented any information which
(A) the credit repair organization is required, by any provision of this title [15 USCS §§ 1679 et seq.], to disclose to any consumer; and
(B) is material to the establishment of the credit repair organization's liability to the consumer under this title [15 USCS §§ 1679 et seq.], the end of the 5-year period beginning on the date of the discovery by the consumer of the misrepresentation.