Ask Experts Questions for FREE Help !
Ask
    pbennett's Avatar
    pbennett Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 1, 2007, 04:22 PM
    What exactly is the statute of limitations on credit card debt in NY?
    I need to find credible internet citations. Preferably ones whose content is written by law professionals in lay terms.
    Thank you.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
    		  
    #2

    Mar 1, 2007, 06:25 PM
    New York Statutes of Limitation

    N. Y. Civil Practice Law and Rules: Chapter Eight of the Consolidated Laws, Article 2 - Limitations of Time:

    211. Actions to be commenced within twenty years. (a) On a bond. (b) On a money judgment. (c) By state for real property. (d) By grantee of state for real property. (e) For support, alimony or maintenance.

    212. Actions to be commenced within ten years. (a) Possession necessary to recover real property. (b) Annulment of letters patent. (c) To redeem from a mortgage.

    213. Actions to be commenced within six years: where not otherwise provided for; on contract; on sealed instrument; on bond or note, and mortgage upon real property; by state based on misappropriation of public property; based on mistake; by corporation against director, officer or stockholder; based on fraud.

    213-a. Actions to be commenced within four years; residential rent overcharge.

    213-b. Action by a victim of a criminal offense.

    214. Actions to be commenced within three years: for non- payment of money collected on execution; for penalty created by statute; to recover chattel; for injury to property; for personal injury; for malpractice other than medical or dental malpractice; to annul a marriage on the ground of fraud.

    UCC, Section 2--725. Statute of Limitations in Contracts for Sale. (1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it. (2) A cause of action accrues when the breach occurs, regardless of the aggrieved party`s lack of knowledge of the breach. Contract for lease of goods: 4 years (N. Y. U.C.C. 2-A-506(1).

    S 203. Method of computing periods of limitation generally. (a) Accrual of cause of action and interposition of claim. The time within which an action must be commenced, except as otherwise expressly prescribed, shall be computed from the time the cause of action accrued to the time the claim is interposed.

    Uniform Commercial Code - Index

    New York State Consolidated Laws
    sassafrass's Avatar
    sassafrass Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Mar 8, 2007, 06:19 PM
    What is the statute of limitation on credit card debt in New York
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Mar 8, 2007, 06:59 PM
    Quote Originally Posted by sassafrass
    What is the statute of limitation on credit card debt in New York
    Did you bother to read Mr Yet's answer?
    sassafrass's Avatar
    sassafrass Posts: 2, Reputation: 1
    New Member
    		  
    #5

    Mar 8, 2007, 08:28 PM
    Which one does credit cards fall under it's not very clear
    robbieo11's Avatar
    robbieo11 Posts: 5, Reputation: 2
    New Member
    		  
    #7

    Mar 11, 2007, 08:10 PM
    Credit cards are considered a open contracrt in New York HOWEVER THEY NEED TO PRODUCE THAT CONTRACT
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Ontario - debt statute of limitations [ 10 Answers ]

I was recently contacted by a debt collector who told me I owed an Ontario University money. I have not attended that school since 1999 and this was the first corresponence I received regarding this debt. I would like to know if they can take me to court for this, and if not, can they put this...

Statute of Limitations re: Debt [ 5 Answers ]

Good afternoon, I live in Ontario, Canada, and my question pertains to the Statute of Limitations law on debt collection applicable in this province. On April 15, 2003, I was given a Post-Dated cheque as payment for a debt. The cheque was Post-Dated for April 15, 2004. Approximately six...

Old credit card debt. [ 2 Answers ]

I have a old credit card debt made by family members, from maybe 8 to ten years ago. Someone called by family and informed then at a warrant had been issued for my arrest and that I need to contact them.I called and I was going to pay it, the guy scared me by asking only for my bank account...

Fl Debt Statute of Limitations [ 2 Answers ]

I'm looking for more information on Florida's Statute of Limitations for debt collection. How long is it really? I have a debt that has not been touched since 1998, so as far as I understand, it should no longer show on my credit report no matter what as of 2002? (I also was not absent from the...

Statute of Limitations on Credit Card Debt [ 4 Answers ]

I would like to ask limitations on credit card debt for Ontario. My daughter has this credit card debt back from 2003 (last time she made a payment). She is trying to clear up this debt now, so she called the lender. She gave them all her current info work etc etc. She advised them she would like...

View more questions Search