This notice is not from a debt collector but from the party to whom the debt is owed.
Mississippi Notice by Mail to Debtor of Action if Payment not Made
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Multi-State
Control #:
US-01748BG
Format:
Word;
Rich Text
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How to fill out Notice By Mail To Debtor Of Action If Payment Not Made?
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Statutes of Limitations in Mississippi Injury to PersonThree years (Miss. Code § 15-1-49)Collection of Debt on AccountThree years (Miss. Code § 15-1-29 and Miss. Code § 15-1-31)JudgmentsSeven years for domestic and foreign judgments (Miss. Code § 15-1-43)7 more rows
A Judgement (a lawsuit that was filed against you and was ruled in favor of the company/person that filed against you) is covered under Mississippi Code 15-1-43 and states a 7 year period.
A tax lien is valid for seven years unless a continuation is filed before it expires. The continuation extends the lien another seven years. Mississippi law allows continuations on state liens until they're paid in full; so continuations can be filed repeatedly making a tax lien valid indefinitely.
For example, in Mississippi, there is a three-year statute of limitations for credit card debt. The three years is from the date you last used the card or the last time you made payment. If the collector sues you after three years from this date, you will have the defense that the statute of limitations has run.
A Judgement (a lawsuit that was filed against you and was ruled in favor of the company/person that filed against you) is covered under Mississippi Code 15-1-43 and states a 7 year period. The courts have these limitations in order to create as much fairness and predictability as possible.
Another example is the statute of repose, which is the date the victim must file a civil action by, even if the injury has not yet been discovered. In Mississippi, the statute of repose is seven years from the date of the malpractice.
Limitations of Actions and Prevention of Frauds § 15-1-43. All actions founded on any judgment or decree rendered by any court of record in this state, shall be brought within seven (7) years next after the rendition of such judgment or decree, or last renewal of judgment or decree, whichever is later.
How to File a Mississippi Mechanics Lien Prepare the lien document, taking care to include all the necessary information set forth above ? including the required statements. Sign the document. Deliver the lien must the office of the clerk of the chancery court of the county where the property is located.
