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Posted: Wed Apr 19, 2006 10:50 pm Subject: SOLs for each state

There's always quite a lot of mentioning of the Statutes of Limitations. Here's the list, find your state. "Open Accounts" are such as credit cards. "Oral Agreements" are such as "hand shake agreements, etc"

State Oral Agreements, Written Contracts, Promissory Notes, Open Accounts
Alabama 6 6 6 3
Alaska 6 6 6 6
Arizona 3 6 5 3
Arkansas 3 5 6 3
California 2 4 4 4
Colorado 6 6 6 6
Connecticut 3 6 6 6
Delaware 3 3 6 3
DC 3 3 3 3
Florida 4 5 5 4
Georgia 4 6 6 4
Hawaii 6 6 6 6
Idaho 4 5 10 4
Illinois 5 10 6 5
Indiana 6 10 10 6
Iowa 5 10 5 5
Kansas 3 5 5 3
Kentucky 5 15 15 5
Louisiana 10 10 10 3
Maine 6 6 6 6
Maryland 3 3 6 3
Massachusetts 6 6 6 6
Michigan 6 6 6 6
Minnesota 6 6 6 6
Mississippi 3 3 3 3
Missouri 5 10 10 5
Montana 5 8 8 5
Nebraska 4 5 6 4
Nevada 4 6 3 4
New Hampshire 3 3 6 3
New Jersey 6 6 6 6
New Mexico 4 6 6 4
New York 6 6 6 6
North Carolina 3 3 5 3
North Dakota 6 6 6 6
Ohio 6 15 15 6
Oklahoma 3 5 5 3
Oregon 6 6 6 6
Pennsylvania 4 6 4 6
Rhode Island 15 15 10 10
South Carolina 10 10 3 3
South Dakota 6 6 6 6
Tennessee 6 6 6 6
Texas 4 4 4 4
Utah 4 6 6 4
Vermont 6 6 5 6
Virginia 3 5 6 3
Washington 3 6 6 3
West Virginia 5 10 6 5
Wisconsin 6 6 10 6
Wyoming 8 10 10

I'd be willing to bet that collectors have a field day in states such as Wyoming and Rhode Island.

Posted: Thu Apr 20, 2006 5:11 am Subject:

Where did you find those SOL's? I found some and they are different from those. (Well, Alaska's is different, i didn't check every state, LOL)

Link deleted as per forum rules-Mike

Posted: Thu Apr 20, 2006 5:48 am Subject:

Go ole TN has 6's straight across.

Guest · Posted: Thu Apr 20, 2006 6:33 am Subject: yes that is very incorrect information

Posted: Thu Apr 20, 2006 1:28 pm Subject:

If a credit card is charged off and the credit card company sells the account to a collection agency, would the SOL be from the date of the original creditors last contact or the date the collection agency purchased the account. And is it different if the account is just turned over to a collection agency instead of purchased by one?

Posted: Thu Apr 20, 2006 1:29 pm Subject:

Arkansas is different on the 2 lists

Posted: Thu Apr 20, 2006 2:59 pm Subject:

The best I can tell, the SOL starts 180 days after the debt becomes delinquent.

Posted: Fri Apr 21, 2006 12:29 pm Subject:

But if the debt is bought by a collection agency, does the SOL start over? This is all so confusing.

Posted: Fri Apr 21, 2006 12:44 pm Subject:

No that does not restart the SOL.

Posted: Fri Apr 21, 2006 10:10 pm Subject:

Kathryn

The SOL starts from the date of last activity on the account. When it is sold, transferred, etc, doesn;t matter.

Posted: Fri Apr 21, 2006 10:12 pm Subject:

DazedandConfused

This list is from a collectors site itself. It is also the same as most I've seen elsewhere. That's not to say that some states might change however.

Posted: Mon Apr 24, 2006 12:56 pm Subject:

The site below lists the correct information on SOL period. You can rely on information from the website below:

http://fair-debt-collection.com/statue-limitations.html

You can also get more information on the FTC website.