While there is generally a one- year statute of limitations for actions brought under the TILA, that statute of limitations may be extended indefinitely if the claim is brought as a counterclaim in recoupment or set-off to a debt collection action.
The post Nothing Lasts Forever: An Illinois Appellate Court Rules Truth in Lending Act Counterclaims to Debt Collection Actions Have a Statute of Limitations. appeared first on DSNews.
Source: DS News