Civil Statute of Limitations

• A suit for fraudulent concealment must be filed within five years of the date the fraud was discovered. However, if the alleged fraud was committed by someone who has died, the suit must be filed within two years.
  
  

Tolling the Statute of Limitations

• In certain circumstances, the statute of limitations for fraud will be tolled, or paused. For example, if the victim of the fraud was a minor, is disabled or had bankruptcy pending at the time the fraud was discovered, the statute of limitations would be tolled until the victim becomes an adult, is no longer disabled or the bankruptcy proceeding is resolved.
  
  

Criminal Statute of Limitations

• The State of Illinois must bring a charge for fraud, if that fraud rises to the level of a felony, within three years of the date on which the fraud occurred. If the fraud only rises to the level of a misdemeanor, the state has six months from the date the fraud occurred to file charges.