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Statute of Limitations On Collecting Monies

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Question: 
What is the statute of limitations on collecting monies owed on charged off accounts?
Answer: 

Deposit accounts, etc., are matters of property, and laws relating to property are state laws. Any statute of limitations on charged off accounts will also be found there. Your preferred approach on this question is to inquire of legal counsel in the state your bank is located in.

First published on 06/28/2015

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