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statue of limitation credit card nj

Date: Fri, 04/22/2011 - 22:26

Submitted by frfpatty
on Fri, 04/22/2011 - 22:26

Posts: Credits: [Donate]

Total Replies: 1


I am aware of NJ SOL for credit card accounts is 6 years. But, I found a decission from the court of appeals in NY that states that the sol that applies to credit card debt may be shorter than 6 years, depending on where the credit card issuer is home based.
NY has a law stating that the creditor can't take advantage of NY's 6 years sol if the creditor's home state has a shorter sol.
So the question is: Is anybody aware of the same law in NJ?