What is the statute of limitations on HOA debt collections?

In Washington, the statute of limitations on HOA debt collections is 6 years. This means that the homeowner association or a collection agency must take legal action within this period if they wish to collect a debt. This includes collecting past due assessments, fines, or other related charges. The statute of limitations on HOA debt collections in Washington is determined by the Revised Code of Washington (RCW 4.16.040). This code states that the HOA must initiate an action for the collection of delinquent assessments or other charges due within six years from the date of default. This is the same for any other debt claim filed by the HOA or collection agency. The statute of limitations is important for any homeowner. It helps protect homeowners from having debts collectible after an extended period of time. If a debt is not collected within the 6-year period, it is no longer collectible and is considered to be “time-barred” or extinguished. This means that the debt can no longer be enforced or collected by the HOA. Homeowners should be aware of the statute of limitations on HOA debt collections in order to protect their own rights and property. It is important to understand the state laws and the time frames in which debts can be collected. Knowing this information can help homeowners avoid debt collections that may be too old to be enforceable.

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What is the statute of limitations on HOA debt collections?

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