Legal Question in Credit and Debt Law in Florida
Statues of limitations for open end debt in Florida
What is the statues of limitations for open ended debt in the state of Florida
Asked on 1/29/03, 1:20 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Re: Statues of limitations for open end debt in Florida
4 years if based on oral agreement, 5 years if written.
Answered on 1/29/03, 1:44 pm
George Savage
George S. Savage, P.A.
Re: Statues of limitations for open end debt in Florida
If the debt is based on invoices, etc, then 5 years (as well if written agreement); for all other agreements (which would include oral agreements), 4 years from the date debt is due or you knew or should have known the debt is due.
Good luck.
Answered on 1/29/03, 3:42 pm
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