Legal Question in Credit and Debt Law in Maryland

under seal

I was informed by a creditor that the agreement that I had signed to purchase a car (that I had defaulted on when I lost my job and it was repossessed) was under seal. The last payment for this vehicle was in January 1987. They now want to sue me they say they even there is a statute of limititations of 12 years when something is under seal that they can renew the seal whenever they want to and I will be responsible for this for ever or until they get a judgement. This does not seem legal to me is this so.


Asked on 1/21/00, 9:27 pm

2 Answers from Attorneys
Joseph Laumann Law Office of Joseph Laumann, PA

Re: under seal

It sounds like the company already has a judgement against you for the deficiency in the car loan payment. If that is the case, then the creditor is able to renew the judgement every 12 years until the judgement is satisfied.

If you have further questions, I would contact a local attorney.

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Answered on 1/24/00, 5:37 pm
Daniel Press Chung & Press, P.C.

Re: under seal

Untrue. A contract under seal has a 12-year statute in Maryland. It cannot be renewed by action of the creditor. If suit is not filed within 12 years, it is barred, unless you did something to revive it or there exist grounds to toll the statute.

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Answered on 1/24/00, 5:39 pm


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