Truth in Lending: 9.6.12.1.2 Statute of limitations
Until the effective date of the Dodd-Frank amendments for which no regulations were issued,947 HOEPA was governed by the same one-year statute of limitations for damages and three-year period for rescission as TILA.948 The Dodd-Frank Act949 extends the statute of limitations for HOEPA violations to three years.950 This longer statute of limitations likely is retroactive for claims (under HOEPA