Legal Question in Credit and Debt Law in California
statue of a loan
I loaned a person 3,000 back in DEC 1996
without a written promiceary note. Is there
a statue of limitations on collecting and
do you think i have a chance of getting my
money back? Thanks R..
Asked on 9/16/99, 8:49 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: statue of a loan
it is 2 years from the breach but if you have some writing evidencing the loan you might qualify under the 4 year statute.
Answered on 9/17/99, 11:41 pm