New Jersey Statute of Limitations on Debt Collection
Conversion of an instrument for money: 3 years, (N.J.S.A.12A:
Real or personal property damage, recovery and contracts not
under seal: 6 years (N.J.S.A. 2A: 14-1).
Demand Notes when no demand is made: 10 years. If demand made: 6
years from date of demand, (12A: 3-118(b)).
Obligations under seal for the payment of money only, except
bank, merchant, finance company or other financial institution: 16
years, (N.J.S.A. 2A: 14-4) actions for unpaid rent if lease
agreement is under seal, (N.J.S.A. 2A: 14-4).
Real estate: 20 years, (N.J.S.A. 2A: 14-7); Judgments: 20 years,
renewable, (2A: 14-5); Foreign judgments: 20 years (unless period
in originating jurisdiction is less), (2A: 14- 5).
Unaccepted drafts: 3 years from date of dishonor or 10 years
from date of draft, whichever expires first, (12A: 3- 118(c)).