Supreme Court Places Time Limits on Right to Sue in ID Theft Cases
The Supreme Court ruled in 9-0 decision that Federal law gives people whose credit ratings have been damaged by a credit reporting company's mistake only two years from the date of the mistake to file a lawsuit, even if the mistake does not come to light until later. The Bush Administration and consumer groups advocated that the statute of limitations clock should start ticking when the victim becomes aware of the theft, rather than when the theft occurs. The Court was unable to find support for this view in their reading of the statute. It might be time now for Congress to clarify their intentions. It also serves as a reminder to all consumers to be vigilant about what goes on their credit report.Justices Uphold 2-Year Deadline on Suing Credit Raters New York Times, November 14, 2001
TRW, Inc. v. Andrews Findlaw
