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#626088 - 10/18/06 02:27 PM Collections
smalltownva Offline
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Joined: Jul 2006
Posts: 10
What is the time period under statute for legally collecting on debt? We would like to practice the right of setoff on a deposit for a loan account that was charged off several years ago.

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Lending Compliance
#626089 - 10/18/06 03:13 PM Re: Collections
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,673
Bloomington, IN
Statutes of Limitation are generally governed by state law.
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The opinions expressed are mine and they are not to be taken as legal advice.

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