Legal Question in Credit and Debt Law in California
What is the statute of limitations on debt collections from loans on a person and what is the statute of limitations on debt collections from investors on a person?
Asked on 1/18/13, 12:50 pm
1 Answer from Attorneys
Charles Perry
Law Offices of Charles R. Perry
The statute of limitations is four years from the breach for a loan based on a written agreement, and two years from the breach for a loan based on an oral agreement.
Answered on 1/18/13, 1:01 pm
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