Sec. 541.162. LIMITATIONS PERIOD. (a) A person must bring an action under this chapter before the second anniversary of the following:
(1) the date the unfair method of competition or unfair or deceptive act or practice occurred; or
(2) the date the person discovered or, by the exercise of reasonable diligence, should have discovered that the unfair method of competition or unfair or deceptive act or practice occurred.
(b) The limitations period provided by Subsection (a) may be extended for 180 days if the person bringing the action proves that the person's failure to bring the action within that period was caused by the defendant's engaging in conduct solely calculated to induce the person to refrain from or postpone bringing the action.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 541 - Unfair Methods of Competition and Unfair or Deceptive Acts or Practices
Subchapter D. Private Action for Damages
Section 541.151. Private Action for Damages Authorized
Section 541.152. Damages, Attorney's Fees, and Other Relief
Section 541.153. Frivolous Action
Section 541.154. Prior Notice of Action
Section 541.156. Settlement Offer
Section 541.157. Contents of Settlement Offer
Section 541.158. Rejection of Settlement Offer
Section 541.159. Limit on Recovery After Settlement Offer