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In Louisiana, the statute of limitations for a car loan, classified as a written contract, is typically 10 years. This means that a lender has 10 years from the date of default to file a lawsuit to recover the outstanding debt. After this period, the borrower can raise the statute of limitations as a defense if sued. However, it's important to note that making a payment or acknowledging the debt can reset the statute of limitations.
What else can I help you with?
Is there a statute of limitations of a title loan in Alabama?
No, there is no statute of limitations on a title loan in the state of alabama. As long there is a recorded security interest on your car title i.e." Lien" you are obligated to repay your title loan
What is the Statute of Limitations on an unpaid car loan in California?
I believe that when the car is turned in and the remaining balance is owed the month of last activity would start the running of the statute of limitations. However in California I believe it is 4 years from the date they say you owe them money.
Is there a statute of limitations on a loan for a car repossessed 7 years ago?
Depends on what state you are in. Call a local attorney for state specific advice.
What is the statute of limitation of an insurance to pay another car insurance?
Statute of limitations if the same for individuals, insurers, etc - each state has a different Statute of limitations
What are thes statute limitations on repo a car?
The statues of limitations vary from state to state.
What is the statute of limitations for a car accident in Indiana?
Go to a different website
Can you be sued for an insurance premium from a car accident that occured 9 years ago?
There is a different Statute of Limitations in each State, so go to: www.google.com Ask: What is the Statute of Limitations regarding a car accident.
What is the statute of limitations for reporting an injury related to a car accident in Virginia?
http://www.edgarsnyder.com/statute-limitations/virginia.html Virginia's Statute of Limitations Personal Injury Actions must be brought within two years of the date of the injury. http://www.edgarsnyder.com/statute-limitations/virginia.html Virginia's Statute of Limitations Personal Injury Actions must be brought within two years of the date of the injury.
Is there a statute of limitations on car lien in the state of SC?
A lien is not subject to a statute of limitations. The lien was placed on the automobile through due process or the signed agreement entered into by the parties.
What is the statute of limitations on the lienholder trying to collect the balance of the loan after sale on a voluntary repossession of a car?
the same as an invol. Depends on your state laws. If the lender has gotten a judgement, it could be a long while.
When does the statute of limitations begin to run against a guarantor of a debt?
No. There is no statute of limitations "for a guarantor". However, there are statutes of limitations for different categories of debts. Statutes of limitation vary from jurisdiction to jurisdiction and for different types of contracts. For example a five year lease, a thirty year mortgage, a six year car loan. However, in the case of a default by the primary borrower, a creditor will generally seek payment from the guarantor prior to the tolling of the statute of limitations.
How long can they try to collect money from a repossessed car?
Until the Statute of Limitations tolls on the judgement.
