# Oregon — Does paying old debt restart the statute of limitations, by state

For Oregon, does payment or acknowledgment revive the clock is A payment or a signed writing restarts the clock; how the statute states the rule is Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made; section is 12.240, recorded from its source on 2026-09-01.

- **State:** Oregon _(our reading, not quoted from the source)_
- **Does payment or acknowledgment revive the clock:** A payment or a signed writing restarts the clock _(our reading, not quoted from the source)_
- **How the statute states the rule:** Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made. _(verified: appears in the quote below)_
- **Section:** 12.240 _(verified: appears in its own passage below)_

## What the source says

> No acknowledgment or promise shall be sufficient evidence of a new or continuing contract, whereby to take the case out of the operation of this chapter, unless the same is contained in some writing, signed by the party to be charged thereby; but this section shall not alter the effect of any payment of principal or interest. 12.240 Effect of payment after obligation becomes due. Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made.

## Where each value comes from

This source states these in separate places, so each value is shown with the passage that states it.

### Section

> 12.240 Effect of payment after obligation becomes due.

## Source

- https://www.oregonlegislature.gov/bills_laws/ors/ors012.html

Last verified: 2026-09-01. Review by: 2027-09-01.
Part of [Does paying old debt restart the statute of limitations, by state](https://referencesource.org/time-barred-debt-revival-rules-by-state/).