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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SOL Accrues When Collection Suit Served, Says Court
12 October 2023
Ninth Circuit Confirms Discrete Actions in Debt Collection Litigation can Trigger FDCPA One-Year Statute of Limitations
30 August 2023
Nevada Expands Collection Agency Licensing Requirements
5 July 2023
Pennsylvania Appellate Court Rejects Claim That Dunning Letter Sent Post-Expiration of The Statute of Limitations Violated Law
24 April 2023
CFPB vs. PRA-Top 3 Takeaways and PRA’s Response
29 March 2023
6th Cir. Holds FDCPA SOL Triggered on Date of Last Violation, Not Date Faulty Collection Action Was Filed
9 March 2023
CRC to NY DFS: Proposed Rules Harm Consumers; Conflict with Existing Law
21 February 2023
NYC Debt Collector Rules - Amendments Proposed; Public Hearing to be Held Dec 5th
28 November 2022
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