Multiple courts have held that statutes of limitations simply do not apply in an arbitration proceeding without some contractual provision. The answer is that a typical statute of limitations probably does not apply to an arbitration.I say "probably" because there is a split of authority. Following is an overview of the Federal Arbitration Act of 1925 ("FAA" or the "Act") and its key provisions. How Much Time do I have to Serve and File a Motion to Confirm a U.S.Made Arbitration Award under the Federal Arbitration Act? As Illinois arbitration lawyers, we were interested to see a ruling on the statute of limitations for enforcing an award won in private arbitration. The Basics of Confirming, Vacating, Modifying and Correcting an Arbitration Award Under the Federal Arbitration Act and the Texas Arbitration Act. Under Federal Arbitration Act (6-574-8707). If the petition is allowed, the person can then file a monetary claim with the court of claims. The Magnuson-Moss Warranty Act, Section 106.