Statute of Limitations News

Collections & Recovery

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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Aged Account Comes Back to Haunt Collections Firm: Federal District Court Revives Time-Barred FDCPA Claims

27 September 2022

Virginia Governor Vetoes Medical Debt Collection Bill

20 April 2022

New York Enacts Significant Changes Impacting Debt Collection Lawsuits

29 November 2021

Maryland High Court Rules Debtors’ Attempts to Void Judgments for Unlicensed Debt Collection Subject to 3-Year SOL

27 October 2021

Court Finds FDCPA SOL Accrues on Date Debt is Reported to CRA; FCRA Does Not Require Adherence to Metro 2 Guidelines

6 May 2021

FDCPA’S Bona Fide Error Defense Applies to a Mistake of Law in Determining the Appropriate Statute of Limitations

18 March 2021

Part 2 of the CFPB's Final Debt Collection Rule (Reg F) is Here

18 December 2020

2020 Collections-Related Case Law Year in Review

17 December 2020

CFPB Debt Collection Rule Released: How Did the Cookie Crumble on Hot Industry Topics?

30 October 2020

Debt Collection Should be on Congress' Mind, Congressional Research Service Suggests

26 October 2020

The Trichell Offspring Saga: M.D. Fla. Dismisses FDCPA Suit for Lack of Standing

20 October 2020

CFPB Sues Encore for Issues Related to Collection Litigation and Time-Barred Debts (and the Irony Behind Some of These Claims)

9 September 2020

Consumer Relations Consortium Submits Comment to CFPB’s SNPRM for Time-Barred Debts

5 August 2020

4th Cir. Holds Each FDCPA Violation Subject to New Statute of Limitations

15 July 2020

Wash. AG Sues Debt Collector for Time-Barred Debt Issues

30 June 2020

CFPB Extends SNPRM Comment Period Again Due to COVID

19 May 2020

Moral of the Story: Web Payment Portals Need Time-Barred Debt Disclosures if Applicable

28 April 2020

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