Statute of Limitations News RSS Feed

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.

See all Topics

Filter by Location

Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Northern Mariana Islands Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas United States Virgin Islands Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming
Toddler looking confused [Image by creator Chris Mautz from AdobeStock]

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

9 March 2020
Photo of hourglass with sand all in the bottom [Image by creator Zerophoto from AdobeStock]

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

27 February 2020
File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

Quick FDPCA Stats from the iA Case Law Tracker

27 February 2020
[Image by creator Krasimira Nevenova from AdobeStock]

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

24 February 2020
A man in a suit standing on a ladder with binoculars looking over the top of a city under a sunny sky with wispy clouds [Image by creator Kurhan from AdobeStock]

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

6 January 2020
Photo of dice with letters forming the words "rules and regulations" [Image by creator anyaberkut from AdobeStock]

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

19 December 2019
[Image by creator bbourdages from AdobeStock]

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

11 December 2019
Image of road sign that says "Massachusetts Welcomes you" [Image by creator spiritofamerica from AdobeStock]

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

11 November 2019
[Image by creator bbourdages from AdobeStock]

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

24 October 2019
[Image by creator bbourdages from AdobeStock]

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

16 October 2019
[Image by creator BillionPhotos from AdobeStock]

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

10 October 2019
A spiral pad with the word "UPDATE" and a hand-drawn bar that is half filled and the word "loading" underneath [Image by creator Marco2811 from AdobeStock]

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

25 September 2019
Photo of hourglass with sand all in the bottom [Image by creator Zerophoto from AdobeStock]

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

6 June 2019
Photo of hourglass with sand all in the bottom [Image by creator Zerophoto from AdobeStock]

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
Photo of hourglass with sand all in the bottom [Image by creator Zerophoto from AdobeStock]

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
A person pressing a red "full disclosure" button on a keyboard with white keys [Image by creator momius from AdobeStock]

11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure

8 April 2019
Microphone sitting on table [Image by creator olegkruglyak3 from AdobeStock]

Can the FDCPA’s One-Year Statute of Limitations Be Expanded under the “Discovery Rule”? Supreme Court Will Decide

26 February 2019
Sharpie pen checking off check boxes on list [Image by creator pixelrobot from AdobeStock]

Compliance Checklist for Collection Professionals – A Look Back at 2018’s Most Critical Issues

7 January 2019
File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

N.D. Illinois: Debt Buyer Cannot Collect Interest if Implicitly Waived by Original Creditor’s Actions; Finds Debt Buyer is Subject to FDCPA

27 September 2018
Photo of hourglass with sand all in the bottom [Image by creator Zerophoto from AdobeStock]

California Imposes SOL Notice Requirement on Debt Collectors; Bans Legal Action on ‘Time-Barred’ Debt

28 August 2018

About

News RSS Feed



insideARM is a publication of The iA Institute.

Copyright insideARM LLC. All rights reserved.