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BankersOnline.com Forums Banker Forums Need to Remain Anonymous Statute of Limitations
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#1323356 - 01/12/10 10:43 PM Statute of Limitations
Anonymous
Unregistered

If a bank makes an error in the handling of interest rates on home equity line of credits, what is the statute of limitations for penalties to the Bank?

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#1323535 - 01/13/10 02:59 PM Re: Statute of Limitations Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
It would be a breach of contract and governed under State contract law.
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