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Debt Collection Laws

Ohio Statute of Limitations on Debt Collection

All OH residents should be familiar with Ohio’s statute of limitations on debt collection. You aren’t protected from creditors just because a debt is old. Ohio’s statute of limitations are state debt laws that limit the amount of time a creditor has to file a lawsuit against someone using the OH court system. It’s important to note that the statute of limitations begins from the date that you stopped paying for a debt. If you’re an Ohio resident facing a debt collection lawsuit, be sure to locate your last known payment files. Learn more about specific Ohio statute of limitations below.

For written accounts, the Ohio statute of limitations is 8 years (O.R.C. §2305.07). Oral contracts and verbal agreements have a limit of 6 years (O.R.C. §2305.07). Demand notes have a statute of limitations 6 years after the date on which the demand is made or 10 years if no demand is made and neither principal nor interest has been paid over that time period (O.R.C. §1303.16(B)). Dishonored checks or drafts have a statute of limitations 3 years after the dishonor (O.R.C. §1303.16 (C)). 

The Ohio statute of limitations on debt collection can be confusing. If you’re under the stress of a debt collection lawsuit, you deserve to know more about OH debt laws. For more information on the OH Statute of Limitations, contact SmithMarco, P.C. here for a free consultation or call us at 888-822-1777.

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