Legal Question in Credit and Debt Law in Ohio

Overdraft Protection

I was contacted by a collection agency over a checking account overdraft protection balance that was charged off in 1997. Is overdraft protection considered an open ended account, therefore beyond the 6 year SOL for Ohio, or a written contract and within the 15 year SOL for written contracts in OH? Not even sure this debt is valid, but want to know my rights


Asked on 9/23/08, 11:03 am

1 Answer from Attorneys
Frank Rozanc Frank J. Rozanc, Esq.

Re: Overdraft Protection

That depends entirely on the agreement that was in force between you and the bank when the account was opened. I would think the 15 year statute would apply, but the agreement in force would control.

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Answered on 9/23/08, 1:05 pm


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