618 of the FCRA

[Bluebyu]

It says : 618. Jurisdiction of the courts; limitation of actions

An action to enforce any liability created under this title may be brought in any appropriate US district court, without regard to the amount in controversy, or in any other court of competent jurisdiction, not later than the earlier of (1) 2 years after the date of discovery by the plaintiff of the violation that is the basis for such liability; or (2) 5 years after the date on which the violation that is basis for such liability occurs...

Could someone please explain this to me, is it 2 or 5 years ??

Thank You.....

[Xanathos]

It basically means that once you realize there's an issue, you have 2 years to bring an action. But you have 5 years to realize that there's a problem.

[Bluebyu]

Thank you so much for making that clear to me....