NEW YORK CHANGES ITS STATUTE OF LIMITATIONS FOR CONSUMER DEBT COLLECTION CASES

Submitted by Anonymous (not verified) on Fri, 05/27/2022 - 22:33
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The recently passed Consumer Credit Fairness Act (“CCFA”) instituted some wide-sweeping, and much needed, reforms in the debt collection practice in New York State. First and foremost, the New York Statute of Limitations (“SOL”) for commencing a debt collection lawsuit was reduced from 6 years to 3 years, effective April 7, 2022. Other portions of Read More