(a) The notice of hearing with respect to a claim or statement must be served in the manner specified in § 25.8 within 6 years after the date on which such claim or statement is made.

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Terms Used In 15 CFR 25.47

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.

(b) If the respondent fails to file a timely answer, service of a notice under § 25.10(b) shall be deemed a notice of hearing for purposes of this section.

(c) The statute of limitations may be extended by agreement of the parties.

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