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15 U.S.C. § 1711 — Limitation of actions

submitted 58 years ago by Pub. L. 90-448 to r/title-15-COMMERCE-AND-TRADE · 142 words · no verdicts yet

in plain englishAI-generated · not legal advice

Certain actions under section 1709 have three-year deadlines. The deadline runs from signing for some violations and from discovery, or when discovery should have occurred with reasonable care, for others.

(a) Section 1703(a) violations. An action under section 1709 may not be maintained for (1) a violation of section 1703(a)(1) or (a)(2)(D) filed more than three years after the sale or lease contract was signed, or (2) a violation of section 1703(a)(2)(A), (B), or (C) filed more than three years after the violation was discovered or should have been discovered through reasonable diligence. (b) Section 1703(b) through (e) violations. An action under section 1709 to enforce a right created under section 1703(b), (c), (d), or (e) must be brought within three years after the contract or lease was signed, even if a deed was delivered to the purchaser.

the actual law source: uscode.house.gov ↗public domain
(a) Section 1703(a) violations

No action shall be maintained under section 1709 of this title with respect to—

(1)

a violation of subsection (a)(1) or (a)(2)(D) of section 1703 of this title more than three years after the date of signing of the contract of sale or lease; or

(2)

a violation of subsection (a)(2)(A), (a)(2)(B), or (a)(2)(C) of section 1703 of this title more than three years after discovery of the violation or after discovery should have been made by the exercise of reasonable diligence.

(b) Section 1703(b) to (e) violations

No action shall be maintained under section 1709 of this title to enforce a right created under subsection (b), (c), (d), or (e) of section 1703 of this title unless brought within three years after the signing of the contract or lease, notwithstanding delivery of a deed to a purchaser.

Source credit: (Pub. L. 90–448, title XIV, § 1412, Aug. 1, 1968, 82 Stat. 596; Pub. L. 96–153, title IV, § 406, Dec. 21, 1979, 93 Stat. 1131.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-448 · 82 Stat. 596
  • 1979Amended · Pub. L. 96-153 · 93 Stat. 1131

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-448 on 1968-08-01.

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