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Texas statute of limitations on debt and judgements

Wed Oct 8, 2008 07:10PM | By Tony

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Q: What are the statutes of limitations in Texas on both, debt and judgements? And what is the maximum interest rate?

A: Last checked, Texas statute of limitations on debt is 4 years across all types, including Oral Agreement, Promissory Note, Open Account and Written Contract. The SOL begins after the day the cause of action accrues. The statute of limitation on judgments is 10 years, but can be renewed within 2 years after expiration. Maximum interest rate on judgment is 8.25% which is lower than previous 10%.

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