Modifies the statute of limitations for certain debts

Summary

HB 2793 would change Missouri law so that a creditor must file a lawsuit to collect credit‑card debt within two years of the debt becoming due. It also sets a two‑year limit for wage‑and‑hour claims under the Fair Labor Standards Act and establishes ten‑year limits for fraud and certain deed‑related actions. The changes would affect lenders, borrowers, employees and landlords by tightening the time they have to bring lawsuits.

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