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Section 618 translation? Anyone familiar with this?


Roadie
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Can anyone share some insight with respect to with this FCRA Section:affecting re-inserted tradelines

§ 618. Jurisdiction of courts; limitation of actions [15 U.S.C. § 1681p]

An action to enforce any liability created under this title may be brought in any appropriate United States 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 the basis for such liability occurs.

Im not sure I'm comprehending this correctly.... does this mean reinsertion disputes are only good the first two years, like inquries are, or what? anyone able to share a translation of this?

Thanks in advance.

Roadie

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It is a limitation on how long you have to sue. The clock starts from the cause of action. It is like the SOL for you to sue for violations

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Okay, then it stands to reason, I can file suit for the discovery of a reinserted tradeline that was deleted originally in 2001 and resurfaces in the course and finding of a 2004 credit inquiry.

I know inquries are disputable within the first 2 years. But reinsertions? (Of course, this assumes you have the updated credit report directly received from the credit bureau itself documenting finality of tradeline deleteion)

Hence the question.

Roadie

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