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 Posted: Sat Jul 12, 2008 2:56 pm Subject: What is the statute of Limitations in NJ? |
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For involuntary repossession (like there are ever voluntary) and CC debt?
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Breakthecycle2
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| Posted: Sun Jul 13, 2008 6:32 am Subject: |
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Conversion of an instrument for money: 3 years, (N.J.S.A.12A: 3-118(g)).
Sale of goods under the UCC: 4-years, (N.J.S.A. 12A; 2-725).
Real or personal property damage, recovery and contracts not under seal: 6 years (N.J.S.A. 2A: 14-1).
Demand Notes when no demand is made: 10 years. If demand made: 6 years from date of demand, (12A: 3-118(b)).
Obligations under seal for the payment of money only, except bank, merchant, finance company or other financial institution: 16 years, (N.J.S.A. 2A: 14-4) actions for unpaid rent if lease agreement is under seal, (N.J.S.A. 2A: 14-4).
Real estate: 20 years, (N.J.S.A. 2A: 14-7); Judgments: 20 years, renewable, (2A: 14-5); Foreign judgments: 20 years (unless period in originating jurisdiction is less), (2A: 14- 5).
Unaccepted drafts: 3 years from date of dishonor or 10 years from date of draft, whichever expires first, (12A: 3- 118(c)).
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JCEMT
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| Posted: Sun Jul 27, 2008 1:52 am Subject: credit debt question |
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what is the statue of limitation in new jersey for credit debt
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Madeline Rodriguez
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nascardevil
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phoenix
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| Posted: Wed Aug 13, 2008 9:19 am Subject: NJ Repo |
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You can be sued for the deficiency for up to 4 years after the reposession.
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Eric222
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