An action to enforce any liability created under the provisions of Kan. Stat. Ann. §§ 50-701 to 50-722, inclusive, and amendments thereto, may be brought in the district court of the county in which the controversy arose, within two years from the date on which the liability arises, except that where a defendant has materially and willfully misrepresented any information required under the provisions of such sections of this act to be disclosed to an individual and the information so misrepresented is material to the establishment of the defendant’s liability to that individual under such provisions of this act, the action may be brought at any time within two years after discovery by the individual of the misrepresentation.