Section 349.402 - Limitation Period(a) Except as provided by Subsection (b), an action under this chapter must be brought before the later of:(1) the fourth anniversary of the date of the loan or retail installment transaction with respect to which the violation occurred; or(2) the second anniversary of the date on which the violation occurred.(b) An action under this chapter with respect to an open-end credit transaction must be brought before the second anniversary of the date on which the violation occurred. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.