This bill amends N.J.S.2A:14-1 to prohibit the revival of time-barred claims related to consumer debt litigation. Specifically, it establishes that the period for filing a claim for any contractual obligation to collect on consumer debt cannot be extended by subsequent actions such as payments, acknowledgments, or promises to pay if these occur after the expiration of the statute of limitations, which is set at six years. The bill also defines "consumer debt" as debt incurred primarily for personal, family, or household purposes, including consumer credit and medical debt as defined by existing law.

The legislation aims to clarify and reinforce the statute of limitations for consumer debt claims, which, under current state case law, can be revived through certain debtor actions. By eliminating the possibility of revival based on payments or acknowledgments made after the statute of limitations has expired, the bill seeks to provide greater certainty and protection for consumers against the resurgence of old debts. This measure aligns with recommendations from the National Center for Access to Justice and is intended to enhance consumer rights in debt litigation.