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WHAT STATE GOVERNS THE SOL


rej
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I had a car repo in 2007, I bought the car in California and the SOL for a contract is 4 years, but the car was repo in Utah and the SOL is 6 years. I am trying to buy a house and this could be a big problem depending on what SOL i am stuck with. So which state does it go by?

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Before you start getting your undies in a bunch, start by pulling your credit report and finding out if anything is even on it.

Each state is different regarding contract law. Generally it falls under the state where the contract was signed, however the twist is that the law technically only protects the residents of that state.

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I'm going to guess you'd follow the California statute however, if you're buying a house this debt may still be a problem. The Statute of Limitations only governs how long the creditor is able to sue you for the debt. It will still appear as a negative account on your credit report regardless of the SOL.

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