Statute Of Limitation

The Statute of Limitation window is used to define the period when a debt will become time-barred. The date used to calculate the start date is the one defined as the Itemization date.

Statute of Limitation

State

The State that the rule applies to. You must use the same values that you put into the Debtor state.

Leave this field blank if you want this rule to apply to all States.

If you use a picklist, you can put the same picklist on this field.

Number Periods

This is the quantity of periods ( days, years, etc.) that this rule applies to for Debtors without Judgements.

Period

The period that this rule applies to for Debtors without Judgements. The options are Days, Weeks, Months, or Years.

Exclude Payment Date

Check this box to indicate that the Time-Barred date on the debtor is static and not to be updated when payments are posted.

Judgement

Number Periods

This is the quantity of periods (days, years, etc.) that this rule applies to for Debtors with Judgements.

Period

The period that this control applies to for Debtors with Judgements. The options are Days, Weeks, Months, or Years.