Statute of Limitations News

The debt statute of limitations is the legal time limit a party has to collect a debt through the court system. After that time a creditor or third party, such as a debt collection law firm, may not sue to enforce the credit agreement. Collecting using traditional methods such as calling or lettering is still allowed. The statute of limitations varies from state to state and by type of debt, and is typically between three and 10 years.

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CFPB Extends Time-Barred Debt SNPRM Comment Deadline

26 March 2020

COVID-19: Several States Toll Statutes of Limitations on Legal Actions

25 March 2020

Complexity of Calculating Out of Stat Date Rears its Head in Maryland Court Decision

9 March 2020

The Impact of the CFPB's Supplemental Proposed Rulemaking for Time-Barred Debt Disclosures is Greater Than What Appears

27 February 2020

Quick FDPCA Stats from the iA Case Law Tracker

27 February 2020

The CFPB's SNPRM for Time-Barred Debts—Breaking It Down

24 February 2020

2020: What’s on the Horizon for the Debt Collection Industry

6 January 2020

Supplemental NPRM for Time-Barred Debts Coming "Very Early in 2020"

19 December 2019

Supreme Court: FDCPA Claims Run from Date of Violation, Not from Date of Discovery

11 December 2019

Mass. AG Enters $4M Settlement with PRA for Allegedly Violating Consumer Protection Laws

11 November 2019

After Oral Argument, U.S. Supreme Court Seems Poised to Preserve FDCPA SOL Status Quo

24 October 2019

Argument Day is Here: U.S. Supreme Court Reviews Whether Discovery Rule Applies to FDCPA Claims

16 October 2019

CFPB's Semi-Annual Report Contains Some, But Not Much, Information About Debt Collection

10 October 2019

Lively Debt Collection Debate Likely in House Fin. Servs. Committee Hearing Tomorrow

25 September 2019

Texas Passes Debt Buyer Legislation Addressing Out-of-Statute Debt

6 June 2019

Illinois State Appellate Court Upholds Dismissal of FDCPA and State Law Claims, Finds 4-Year UCC SOL Not Applicable to Credit Card Purchases

23 May 2019

Two Recent Developments on the Discovery Rule and the FDCPA: Second Circuit Says Discovery Rule Doesn't Apply, U.S. Supreme Court Agrees to Review the Issue

15 May 2019