Under the Equal Credit Opportunity Act (ECOA), how many years does a consumer have to file civil action against a creditor suspected of discrimination?

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Multiple Choice

Under the Equal Credit Opportunity Act (ECOA), how many years does a consumer have to file civil action against a creditor suspected of discrimination?

Explanation:
Two years. Under ECOA, a consumer has a private right of action if they believe a creditor discriminated in a credit transaction, and the time to file a civil lawsuit is a two-year period from the date of the discriminatory act. This sets a clear, finite window for pursuing relief in court, separate from any agency enforcement processes.

Two years. Under ECOA, a consumer has a private right of action if they believe a creditor discriminated in a credit transaction, and the time to file a civil lawsuit is a two-year period from the date of the discriminatory act. This sets a clear, finite window for pursuing relief in court, separate from any agency enforcement processes.

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