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.
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