JANE B. STRANCH, Circuit Judge. In this judicial foreclosure action, Regions Bank appeals the district court’s order granting summary judgment in favor of Donnie and Dennis Fletcher (“the Fletcher brothers”). The district court concluded that Regions’ suit was barred by Tennessee’s statute of limitations for actions to enforce liens on real property, Tenn. Code Ann. § 28-2-111, and declined to establish an equitable lien in favor of the Bank. For the following reasons, we AFFIRM the district court’s judgment.

KAREN NELSON MOORE, Circuit Judge. For nearly a century, Congress has aimed to provide all Americans with universal access to telecommunications services. Congress issued this universal-service mandate in the Communications Act of 1934 and elaborated upon it in the Telecommunications Act of 1996. The Federal Communications Commission (“FCC”) implemented the universal-service mandate by establishing the Universal Service Fund (“USF” or “the Fund”), which now consists of four different program mechanisms to “help[] compensate telephone companies or other communications entities for providing access to telecommunications services at reasonable and affordable rates throughout the country, including rural, insular and high costs areas, and to public institutions.” Fed. Commc’ns Comm’n, Glossary of Telecommunications Terms: Universal Service, https://www.fcc.gov/general/glossary-telecommunications-terms; see also 47 U.S.C. § 254. To pay for these universal-service pursuits, Congress requires that certain telecommunications carriers fund these efforts. 47 U.S.C. § 254(d). Thus, on a quarterly basis, the FCC publishes the percentage of “interstate and international end-user telecommunications revenue” that covered telecommunications carriers must contribute to the Universal Service Fund’s programs, known as the quarterly contribution factor. 47 C.F.R. § 54.709(a)(3). Petitioners—a group of consumers, a nonprofit organization, and a carrier—challenge this statutory arrangement as violating the nondelegation doctrine. They further allege that the role of a private entity in administering the Universal Service Fund violates the private-nondelegation doctrine. We disagree and DENY the petition for review.