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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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
11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure
8 April 2019
Can the FDCPA’s One-Year Statute of Limitations Be Expanded under the “Discovery Rule”? Supreme Court Will Decide
26 February 2019
Compliance Checklist for Collection Professionals – A Look Back at 2018’s Most Critical Issues
7 January 2019
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
California Imposes SOL Notice Requirement on Debt Collectors; Bans Legal Action on ‘Time-Barred’ Debt
28 August 2018
FDCPA Caselaw Review for June 2018
12 July 2018
3rd Circ: FDCPA Statute Of Limitations Runs from Date of Violation, Not Discovery
6 June 2018
Richardson v. LVNV Funding, LLC and the Dilemma of Unclear Out-of-Stat Requirements
28 November 2017
5th Cir. Holds Threat of Lawsuit to Collect Partially Time-Barred Debt Did Not Violate FDCPA
21 September 2017
Big Changes to West Virginia Debt Collection Laws Now in Effect
19 July 2017
SCOTUS Hears Oral Arguments on FDCPA Out-of-Statute Debt Case
18 January 2017
insideARM Releases Updated CFPB Consent Order Report Including Charts, Analysis and Examples
8 November 2016