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Statute Of Limitations On Judgments

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After a creditor wins a lawsuit against a debtor and is awarded a judgment by the court, there is a time limit for collecting that judgment. However, many states allow judgments to be renewed one or more times, which could substantially extend the enforceability of a judgment, if the creditor is vigilant about the renewals. This can potentially result in a permanent legal obligation until it is paid.

If a lawsuit has not been filed yet, there is a separate time limit for doing so, which you can find here.

(The numbers on this chart indicate years.)

State
SOL (Years)
Maximum Interest Rate (%)
Alabama
20
12
Arkansas
10
10.5
Alaska
5
10
Arizona
10
Fed + 5
California
10
10
Colorado
20
8
Connecticut
20
10
Delaware
No Limit
Legal + Fed Discount + 5
D.C.
3
70% of interest rate
or 6% if not specified
Florida
20
10
Georgia
7
12
Hawaii
10
10
Iowa
6
10.875
Idaho
20
9
Illinois
20
8
Indiana
20
10
Kansas
5
4% above Fed Discount
Kentucky
15
12
Louisiana
10
9
Maine
20
7.5
Maryland
12
15% if under 30 months,
T-bill rate if over 30 months
Massachusetts
20
10
Michigan
10
20
Minnesota
10
6.953
Mississippi
7
5% changes yearly
Missouri
10
Amount in contract
Montana
10
9
North Carolina
5
10
North Dakota
6
1% above bond equiv Yield
Nebraska
20
2% above Prime
New Hampshire
20
10
New Jersey
14
No provisions
New Mexico
20
8.75% without written contract
Nevada
10
9
New York
10
8
Ohio
21
12
Oklahoma
5
10
Oregon
10
4% over T-bill
Pennsylvania
4
9% renewable @10 yrs
Rhode Island
20
6
South Carolina
10
12
South Dakota
20
14
Tennessee
10
10
Texas
10
10
Utah
8
can be 18% w/Agreement
or 6% without
Virginia
8
Judgement Contract Rate
Vermont
20
12
Washington
10
9
Wisconsin
10
12
West Virginia
20
10
Wyoming
5
12

The information above is believed to be accurate at the time of the creation of this page, and is for reference only. We are not attorneys, and nothing here should be construed as or relied upon as legal advice. If you are concerned about possible lawsuits, you may wish to confirm this with your state's Civil Code and/or a qualified attorney. If you find any discrepancies or errors here, please let us know at: webmaster@cardreport.com.

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