An action to foreclose a mortgage is subject to a six-year statute of limitations, which begins to run on the entire debt once the debt is accelerated. Even if the mortgage is payable in installments, once the debt is accelerated, the entire amount is due and the statute of limitations begins to run on the entire debt.
Persaud v. U.S. Bank N.A., NY Slip Op 04920 (2d Dep't September 1, 2021)
Tomorrow's issue: CPLR 4401 and 4404.
