Section 1 Short title
This Act may be cited as the “Fair Lending Discovery Clarification Act of 2017”.
Fair Lending Discovery Clarification Act of 2017
A BILL
To amend the Equal Credit Opportunity Act and the Fair Housing Act to amend the statute of limitations for civil liability, and for other purposes.
Sec. 2 Amendment to the statute of limitations under the Equal Credit Opportunity Act
Section 706(f) of the Equal Credit Opportunity Act (15 U.S.C. 1691e(f)) is amended—
by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively (and conforming the margins accordingly);
by striking “Any action” and inserting the following:
“(1) In general—Any action”
by striking “No such” and inserting “Except as provided in paragraph (2), no such”;
by striking “later than 5 years after the date of the occurrence of the violation” and inserting “later than 5 years after the date on which the applicant knows or has notice that the applicant was a victim of discrimination.”;
by striking “, except that—” and inserting the following:
“(2) Exception—The limitation described in paragraph (1) shall not apply—”
in subparagraph (A) (as so redesignated), by inserting “or” at the end.
Sec. 3 Amendment to statute of limitations under the Fair Housing Act
Section 813(a)(1) of the Fair Housing Act (42 U.S.C. 3613(a)(1)) is amended by adding at the end the following:
“(C) The computation of such 2-year period shall not include any time during which the aggrieved person did not know or have notice of the existence of the discriminatory housing practice or the breach of the conciliation agreement.”