Fair Credit Reporting: 6.10.7 Applicability of the Statute of Limitations to Private Enforcement of Furnisher Violations
The FCRA’s statute of limitations expires the earlier of (1) two years after the date of discovery by the plaintiff of the violation, or (2) five years after the date of the violation.851 The furnisher’s duties under section 1681s-2(b) commence at the earliest only when it receives a request for investigation from a CRA.852 Thus, an actionable violation can only occur when it breaches one of those duties, not when it reported the underlying inaccurate information or otherwise took action for whi