Arizona Money Judgment Validity and Renewal Deadline Extended from Five Years to Ten
On March 20, 2018, Arizona Governor Doug Ducey signed into law House Bill 2240, which extends, from five years to 10 years, the validity of and renewal deadline for a money judgment. The effective date of the new law is August 3, 2018.
Our understanding is that the deadline for expiration and renewal of money judgments included in A.R.S. § 12-15511 is a statute of limitation, per Jensen v. Beirne. If that is correct, then A.R.S. §12-505(B) provides that, when a statute of limitation (such as this one) is amended and an action was not otherwise barred by pre-existing law, “the time fixed in an amendment of such law shall govern the limitation of the action.”
Based on the foregoing, we conclude that, after August 3, 2018, any money judgment that has not yet expired (pursuant to the current five-year limitations deadline imposed by A.R.S. § 12-1551) will be valid and can be renewed until 10 years after entry of said judgment on the Superior Court docket. In addition, the rule authorizing successive renewals of judgments has not changed.
UPDATE: On July 10, 2018 Arizona Supreme Court, Administrative Office of Courts, issued an administrative memorandum to all lower court that all judgments entered or renewed on or after August 2, 2013 (not a typo – this is 5 years prior to the change in the limitation period) are subject to the new 10-year limitation period.
Folks Hess Kass’s legal services to financial institutions and other creditors include enforcing and renewing money judgments in Arizona.