Oklahoma Statute of Limitations on Debt Collection
Creditors have a limited period of time in which to file suit
over an unpaid debt. Each type of debt has a specific time
period in which a collection agency can continue its collection
efforts against a consumer for an unpaid debt.
In Oklahoma, debt based on written contracts have a limitation
period of 5 years (O.S. § 95(1)), while oral contracts may only be
collected upon for up to 3 years (O.S. § 95(2)). Attachment,
or the legal seizure of property or a person, has a statute of
limitation of 5 years (O.S. § 95(5)).
Judgments have their own statutes of limitation, depending on
the type of judgment obtained against the debtor. A domestic
judgment for debt collection, rendered by a court of the state
where the judgment for the debt occurred, has a limitation period
of 5 years (O.S. § 95(5)). While a foreign judgment, or any
judgment of a court where the debt did not originally occur, has a
limitation period of 3 years (O.S. § 95(2)).