No action shall be maintained under section
1709 of this title with respect to—
(1)a violation of subsection (a)(1) or (a)(2)(D) ofsection
1703 of this title more than three years after the date of signing of the contract of sale or lease; or
(2)a violation of subsection (a)(2)(A), (a)(2)(B), or (a)(2)(C) ofsection
1703 of this title more than three years after discovery of the violation or after discovery should have been made by the exercise of reasonable diligence.
(b) Section
1703(b) to (e) violations
No action shall be maintained under section
1709 of this title to enforce a right created under subsection (b), (c), (d), or (e) ofsection
1703 of this title unless brought within three years after the signing of the contract or lease, notwithstanding delivery of a deed to a purchaser.
1979—Pub. L. 96–153designated existing provisions as subsec. (a), substituted provisions setting forth limitations relating to any action maintained under section
1709 of this title, for provisions setting forth limitations relating to any action maintained to enforce any liability created under section
1709(a) or (b)(2) of this title, and added subsec. (b).
Effective Date of 1979 Amendment
Amendment by Pub. L. 96–153effective on effective date of regulations implementing such amendment, but in no case later than six months following Dec. 21, 1979, see section 410 ofPub. L. 96–153, set out as a note under section
1701 of this title.
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15 USC
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