Legal Question in Credit and Debt Law in Florida
statue of limitation
does the 20 years statue of limitation on judgements begin from the date the judgement was recorded in court or the date the last payment on that judgement was made?
1 Answer from Attorneys
Re: statue of limitation
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You are confusing your facts. The period of time which you are referring to is not a Statute of Limitations. Rather, it is the life of the judgment once it has been obtained. It runs from the date in which it has been recorded.
The life of a judgment has varied throughout the years. Some judgments are valid for 20 years, some 7 years and currently they are valid for 10 years and can be renewed for an additional 10 years.
I would suggest that you consult a local attorney to discuss your particular judgment. A consultation can usually be obtained for a nominal price.
Scott R. Jay, Esq.