The statute of limitations places a maximum time limit on filing a lawsuit. The statute of limitations on misrepresentation varies by state. The applicable statute of limitations also depends on whether it is a civil or criminal misrepresentation.
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A civil suit may be based on negligent misrepresentation. The statute of limitations on a negligence suit can be as short as one to two years, depending on the state.
Misrepresentation can be a criminal matter. Making a misrepresentation to a government agency concerning a criminal matter under investigation, for example, is a class C felony in Connecticut. The statute of limitations is five years.
The statute of limitations starts to run at the time the cause of action accrues. The cause of action accrues at the time the misrepresentation is made or communicated to the plaintiff or injured party.
In some cases, the misrepresentation is concealed or hidden. Most states stop the statute of limitations from running until the wrongful actions are discovered, or reasonably should have been discovered.
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