Legal Question in Credit and Debt Law in Texas

mobile home loan SOL

Son's home burned in 1998. bad credit so he could not get loan for new home. I signed for a new mobile home in 1998 with understanding they get note in their name in 1 year. Never happened. Last payment made 4/2003. What is the SOL on this note? Collection agency threating litigation. What are my options? Loan unsecured.


Asked on 10/29/08, 10:19 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: mobile home loan SOL

The statute of limitations on an unsecured promissory note is 4 years. Advise them in writing CMRRR that the SOL has passed. Deny the debt. If they sue you, see an attorney.

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Answered on 11/05/08, 12:16 pm


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