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.

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Answered on 9/17/99, 11:41 pm


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