What is the statute of limitations for consumer fraud?
In Florida, the statute of limitations for consumer fraud is four years. This means that a person has four years from the date of the deceptive act or omission to initiate a lawsuit against the company for any damages or losses that may have been suffered as a result of the company’s deceptive practices. However, there can be exceptions to this rule. For example, if the deceptive act was discovered after the four-year period, then the clock starts running from the date of discovery. In some cases, a fraudulent company may attempt to hide their deceptive acts for a long period of time, so it is important for a victim of consumer fraud to act as soon as possible. Another exception to the four-year rule is if the company has committed a criminal act. In some cases, the window to initiate a lawsuit may be extended to five years. So it’s important to speak with a qualified lawyer if you feel that you have been a victim of consumer fraud. In Florida, the statute of limitations for consumer fraud is a time limit, so it is important to act quickly in order to preserve your right to compensation. Speak with an attorney if you believe that you have been a victim of consumer fraud in Florida.
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