Statute of Limitations of Debt
What is Maine's Statute of Limitations of Debt
According to 32 MRS §11013(8), “A debt collector may not commence a collection action more than 6 years after the date of the consumer's last activity on the debt.” 32 MRS §11002(1-A) defines “collection action” as, “a lawsuit or arbitration proceeding initiated to collect a debt from a consumer.” The Consumer Financial Protection Bureau provides guidance on debt collection after the statute of limitations has passed and how long negative information appears on your credit report.
Return to What's Maine's Law on...
11/15/2017 A-Z List