Collecting debt in New Jersey: licensing, bonds and statutes of limitations.

“Payment of or on account of a debt or obligation may also toll or revive the statute of limitations, thereby extending it for the statutory period from the time of such payment. ... Such payment may consist of either interest or principal.”

Both passes agree. 2A:14-24 preserves 'the effect of any payment of principal or interest made by any person whatsoever on the obligation in suit'; the common-law rule requires the payment to be a partial payment made under circumstances showing recognition of, and intent to pay, the whole debt. For credit cards, Thiel holds that a post-default payment below the minimum due does not move the accrual date.

“no acknowledgment or promise by words only shall be deemed sufficient evidence of a new or continuing contract, so as to take any case out of the operation of this chapter ... unless such acknowledgment or promise shall be made or continued by or in some writing to be signed by the party chargeable thereby.”

Two conditions: the acknowledgment must be in a writing signed by the debtor (2A:14-24), and, per Burlington quoting Bassett and Denville, 'it must support the implication of a promise to pay the full amount due immediately or on demand, whether made before or after the statute of limitations has run.'

Both passes agree: no general borrowing statute in Title 2A ch. 14. The only borrowing-type clause is 2A:14-5 for foreign judgments ('within 20 years next after the date thereof or within the period in which a like action might be brought thereon in that state or country, whichever period is shorter'). Limitations conflicts are otherwise judicial: McCarrell (2017) adopted Restatement (Second) Conflict of Laws s. 142, replacing the Heavner (1973) rule: 'the statute of limitations of the forum state—here, New Jersey—applies if that state has a substantial interest in the maintenance of the claim and there are no exceptional circumstances that make such a result unreasonable.'

Both passes agree. Pass B full-text searched the official NJ statutes compilation (STATUTES-TEXT.zip dated 2026-09-19) for 'time-barred', 'time barred', 'barred by the statute of limitations' and 'expired statute of limitations' and found no consumer-debt disclosure requirement; New Jersey has no state debt-collection practices act imposing one. S1415 (220th Leg., introduced 2022-02-10), which would have cut the contract period to 3 years and codified that partial payment 'tolls or revives' the period, was introduced only. Thiel treats filing suit on a time-barred debt as an FDCPA violation. Any disclosure duty comes from federal Regulation F (12 CFR 1006.26), outside this file's scope.

Yes, a payment made after the period has run can revive the debt, but only on proof of more than the bare payment. Burlington (read in full on the CAP archive): 'When a partial payment is made after the statutory period has run, the party seeking to revive the statute must show (1) that the payment was partial, and (2) an act or declaration which establishes the debtor's recognition of, and intention to pay, the entire claim.' 'Mere payment is not enough.' A written acknowledgment revives 'whether made before or after the statute of limitations has run' if it supports an implied promise to pay the full amount. A co-debtor's payment binds the others only if made before the bar (Parker v. Butterworth, 46 N.J.L. 244, as described in Burlington). Burlington is a Chancery Division decision resting on Court of Errors and Appeals precedent; no later published Appellate Division or Supreme Court opinion on post-bar revival of a simple-contract debt was located. Status: the statute bars the remedy ('shall be commenced within six years'); nothing in ch. 14 extinguishes the debt, and the revival cases presuppose the obligation survives.