Auto Loans and Financing
Repossession
Personal Finance
Loans
Money Management

Is the statute of limitations counted on an auto loan default from the date of the last due payment or when the auto is repossessed?

User Avatar
Wiki User
2006-05-05 17:18:31

Depends on the state you live in. Check the list. Statutes of

limitations for delinquent debt State Written contracts Oral

contracts Promissory notes Alabama 6 years 6 years 6 years Alaska 3

years 3 years 3 years Arizona 6 years 3 years 6 years Arkansas 5

years 3 years 5 years California 4 years 2 years 4 years Colorado 6

years 6 years 6 years Connecticut 6 years 3 years 6 years Delaware

3 years 3 years 6 years D.C 3 years 3 years 3 years Florida 5 years

4 years 5 years Georgia 6 years 4 years 6 years Hawaii 6 years 6

years 6 years Idaho 5 years 4 years 5 years Illinois 10 years 5

years 10 years Indiana 10 years* 6 years 6 years Iowa 10 years 5

years 10 years Kansas 5 years 3 years 5 years Kentucky 15 years 5

years 15 years** Louisiana 10 years 10 years 5 years Maine+ 6 years

6 years 6 years Maryland 3 years 3 years 3 years Massachusetts+ 6

years 6 years 6 years Michigan 6 years 6 years 6 years Minnesota 6

years 6 years 6 years Mississippi 3 years 3 years 3 years Missouri

10 years 5 years 10 years Montana 8 years 5 years 8 years Nebraska

5 years 4 years 5 years Nevada 6 years 4 years 6 years New

Hampshire 3 years 3 years 3 years New Jersey 6 years 6 years 6

years New Mexico 6 years 4 years 6 years New York 6 years 6 years 6

years North Carolina 3 years 3 years 3 years North Dakota 6 years 6

years 6 years Ohio 15 years 6 years 15 years Oklahoma 5 years 3

years 5 years Oregon 6 years 6 years 6 years Pennsylvania 4 years 4

years 4 years Rhode Island 10 years 10 years 10 years South

Carolina 3 years 3 years 3 years South Dakota 6 years 6 years 6

years Tennessee 6 years 6 years 6 years Texas 4 years 4 years 4

years Utah 6 years 4 years 6 years Vermont 6 years 6 years 6

years*** Virginia 5 years 3 years 6 years Washington 6 years 3

years 6 years West Virginia 10 years 5 years 10 years Wisconsin 6

years 6 years 6 years Wyoming 10 years 8 years 10 years *Six years

if contract is for payment of money. ** Five years if promissory

note is added to a bill of sale. + The applicable statute of

limitations in Maine and Massachusetts on a debt owed to a bank or

on a promissory note signed before a witness is 20 years. Me. Rev.

Stat. Ann. tit.14, s 751; Mass. Gen. Laws ch. 260, s 1.

***Vermont's statute of limitations on a promissory note signed

before a witness is 14 years. Source: Money Troubles: Legal

Strategies to Cope With Your Debts, 9th edition (Nolo, 2003).

http://www.nolo.com. Used by permission


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.