What is the statute of limitations for consumer fraud?

The statute of limitations for consumer fraud in California is three years. This means that if a consumer has experienced a form of fraud, they have three years to file a lawsuit or take other action to pursue legal recourse. It is important to note that the statute of limitations begins to run on the date the fraud occurred or when the consumer reasonably should have discovered the fraud. There are some exceptions to this general rule. For example, in cases involving fraud with securities, the statute of limitations begins to run on the date of discovery of the fraud with new limitations based on certain factors including the size of the loss or damages. Additionally, if given specific written notice, the filing period can be suspended or tolled, meaning that the time is “frozen” until the notice can be investigated. If the consumer does not take action or file a lawsuit within three years (or any applicable exceptions), they will be barred from recovering any possible damages. It is important to consult with an attorney if you are a victim of consumer fraud in order to understand the time frame and procedures used to pursue legal recourse.

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What is the statute of limitations for consumer fraud?

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