Statute of Limitations for a Collection of Judgment in Arizona
The statute of limitations sets forth the maximum time period within which a lawsuit can be filed. The maximum time limit in Arizona for collecting on a judgment depends upon the type of judgment that is being enforced.
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Domestic Judgment
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A domestic judgment is one that was entered by a court within the state of Arizona. A domestic judgment is good for five years and can be extended for an additional five years. There is no limit to the number of five-year extensions that can be obtained.
Foreign Judgments
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A foreign judgment is one that was entered by a court outside of the state of Arizona. The statute of limitations on collecting on a foreign judgment is four years. Foreign judgments are not extendable.
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Interest
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The statutory interest rate on an Arizona judgment is 10 percent. The judgment interest rate can also vary according to the terms of the contractual agreement.
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References
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