Debt Collection Problems

Debt Collection Laws

Maryland Statute of Limitations on Debt Collection

Take action if you have been sued or served with a lawsuit. Failing to act will allow the creditor to get a judgment against you. Once that happens, they can garnish wages, attach to assets or property, and pursue this for 10 or more years thereafter. It is important to read the summons carefully and follow the instructions provided. Call for help if you need it. But most importantly, don't be late. You may have a defense to the lawsuit such as a claim that the complaint was not filed within the statute of limitations. Every lawsuit has a limit of time with which it must be filed. If the lawsuit filed against you was outside of the statute of limitations, you may be able to get that case dismissed.

Civil action: 3 years from the date it accrues, unless:

Promissory notes or instruments under seal, bonds, judgments, recognizance, contracts under seal, or other specialties: 12 years.

Financing statement: 12 years, unless a continuation statement is filed by a secured party six (6) months prior to end of twelve (12) year period. (Maryland, Commercial Law article Sec. 2-725; Courts & Judicial Proceedings Article Sec. 5-101 & 102.

Contact the lawyers of SmithMarco, P.C. with any questions you have concerning Maryland statute of limitations. You can contact us here or at 888-822-1777.