Legal Question in Civil Rights Law in Arkansas

Loans

When you loan someone money and they fail to pay you back , what is the time limit on when you can file suit?


Asked on 5/12/06, 2:23 pm

1 Answer from Attorneys
Harvey Harris Harris Law Firm

Re: Loans

The general time limit on a contract that is not in writing is 3 years. For a contract in writing, it is generally 5 years.

There are circumstances that could change either one of those based on the specifics of your situation, but those are the general time frames.

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Answered on 5/15/06, 12:28 pm


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