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Will making a first payment on a debt after the statute of limitations has run out reset the statute of limitations in New York?
Wiki User
∙ 17y ago
It may not reset the date entirely, but it can affect the SOL. You need to do some research on the internet regarding NY SOL. Or, better yet, contact an attorney knowledgeable about consumer law in that state. SOL is a state law. * Yes, even a token payment will restart the SOL. SOL's begin from the date of last activity on the defaulted account, therefore when if a payment is made it will be considered the DLA on the account.
Wiki User
∙ 17y ago
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