Truth in Lending: 12.2.5.1 State Court Action May Toll the Limitation Period in Federal Court
Commencing a TILA action or raising a TILA counterclaim in state court before the end of the running of the statute of limitations may toll the statute of limitations in federal court.247 The pendency of a prior federal suit that is dismissed under Federal Rule of Civil Procedure 41 generally does not toll the statute of limitations, however.248