Bill > HB1509

This bill modifies the statute of limitations for various types of legal actions in Missouri, primarily focusing on debt collection timeframes. The legislation changes existing law by introducing new provisions for different types of legal claims. Specifically, the bill maintains a ten-year statute of limitations for actions involving property and warranty deeds, but introduces significant changes to debt-related claims. A new provision explicitly states that actions for collecting credit card debt must be brought within two years after the cause accrued, while also maintaining a five-year statute of limitations for most contract-related actions. The bill also preserves existing limitations on other types of legal actions, such as those involving fraud, trespass, and personal injury claims. The primary impact of this legislation is to provide more specific guidance on the time periods within which different types of legal claims can be filed, with particular attention to debt collection practices, potentially offering more clarity and protection for both creditors and debtors in Missouri.

https://house.mo.gov/Bill.aspx?bill=HB1509&year=2025&code=R