Debt Collection Problems

Debt Collection Laws

Maine Statute of Limitations on Debt Collection

Generally all civil actions must be commenced within 6 years after the cause of action accrues. (14 M.R.S.A. 752)

The primary exception is for liabilities under seal, promissory notes signed in the presence of an attesting witness, or on the bills, notes or other evidences of debt issued by a bank, in which case, the limitation is twenty (20) years after the cause of action accrues. (14 M.R.S.A. 751)

Judgments are presumed paid after twenty (20) years. (14 M.R.S.A. 864)