Legal Question in Credit and Debt Law in New Jersey

Statute of Limitations

I always thought the limitations for collecting unsecured debt such as credit cards was 4 years now I see it is six has this changed in the past year.


Asked on 3/10/06, 10:08 am

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

Re: Statute of Limitations

There has been no recent change. Keep in mind that limitations on actions differ somewhat from State to State. Both the UCC and its New Jersey enactment place a six year limitation for collection of negotiable instruments (UCC 3-118; NJSA 12A:3-118). You may be thinking of the four year limitations for enforcement of contracts for the sale of goods. (UCC 2-275; NJSA 12A:2-275)

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Answered on 3/13/06, 11:02 pm


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