New Mexico Statute of Limitations for Debt Collection
In New Mexico, the statute of limitations for debt collection is 6 years. After this period, a lawsuit based on this type of claim is generally time-barred.
Data last updated: Apr 16, 2026Key Takeaways
- Time limit: 6 years from accrual.
- Statute: N.M. Stat. § 37-1-3.
- 6 years for all debt types.
What are debt collection claims?
The time limit for creditors to sue on an unpaid debt. After this period, the debt is time-barred.
Details
6 years for all debt types.
General New Mexico Rules
New Mexico provides 6 years for contract claims and 3 years for personal injury. The Medical Malpractice Act governs medical negligence claims and includes a mandatory review process. The discovery rule applies to medical malpractice and fraud claims.
Other Statutes of Limitations in New Mexico
Debt Collection in Other States
Frequently Asked Questions
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What is the statute of limitations for debt collection in New Mexico?
The statute of limitations for debt collection in New Mexico is 6 years. Citation: N.M. Stat. § 37-1-3.
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When does the clock start for debt collection in New Mexico?
6 years for all debt types.
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Can the statute of limitations for debt collection be extended in New Mexico?
In some cases, yes. Tolling provisions may apply for minors, persons with incapacity, or when the defendant is absent from the state. The discovery rule may also delay the start of the statute. Consult an attorney for your specific situation.