New Jersey A1415 prohibits the revival of time-barred consumer debt litigation claims.

New Jersey A1415 amends the state's statutes of limitations to prevent the revival of time-barred consumer debt litigation claims. Under the bill, the period for filing a claim for any contractual obligation to collect on a consumer debt cannot be paused by subsequent payments, acknowledgments, or promises to pay the debt if made after the six-year statute of limitations has expired. The bill defines "consumer debt" to include debt incurred for personal, family, or household purposes, as well as consumer credit and medical debt.

New Jersey A1415 prohibits the revival of time-barred consumer debt litigation claims.

New Jersey A1415 amends the state's statutes of limitations to prevent the revival of time-barred consumer debt litigation claims. Under the bill, the period for filing a claim for any contractual obligation to collect on a consumer debt cannot be paused by subsequent payments, acknowledgments, or promises to pay the debt if made after the six-year statute of limitations has expired. The bill defines "consumer debt" to include debt incurred for personal, family, or household purposes, as well as consumer credit and medical debt.