Title 12, Banks and BankingRelease 119-102
§1977 Limitation of Actions; Suspension of Limitations
Title 12 › CHAPTER 22 — TYING ARRANGEMENTS › § 1977
Summary
You must file a private lawsuit under this law within four years after the claim begins. If the United States starts an enforcement case about the same matter, the filing deadline for private lawsuits stops while the government case is going on and for one year after it ends. If the deadline is paused, you must file either during that pause or within four years after the claim began, or you will lose the right to sue.
Full Legal Text
Title 12, §1977
Banks and Banking, Source: USLM XML via OLRC
(1)Subject to paragraph (2), any action to enforce any cause of action under this chapter shall be forever barred unless commenced within four years after the cause of action accrued.
(2)Whenever any enforcement action is instituted by or on behalf of the United States with respect to any matter which is or could be the subject of a private right of action under this chapter, the running of the statute of limitations in respect of every private right of action arising under this chapter and based in whole or in part on such matter shall be suspended during the pendency of the enforcement action so instituted and for one year thereafter: Provided, That whenever the running of the statute of limitations in respect of a cause of action arising under this chapter is suspended under this paragraph, any action to enforce such cause of action shall be forever barred unless commenced either within the period of suspension or within the four-year period referred to in paragraph (1).
Reference
Citations & Metadata
Citation
12 U.S.C. § 1977
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102