Jump to content

Statute of limitaions written contract


Recommended Posts

I have received a summons from a jdb attorney. this is not for credit card debt, but rather a written contract. it was a line of credit once with fleert bank that bank of america took over. They created an amended loan agreement - to get 50% more interest- . Anyways, i defaulted. last payment was january 2016.  i was reading the contract and there is a "dispute resolution provision" which has arbitration. Also it states that "governing law" I am wonering if this is an angle for statute of limitations?

any help is greatly appreciated

Link to comment
Share on other sites

SOL on written contracts in Connecticut is 6 years. 

Do you happen to have your original contract? Arbitration is going to be your best option, if arbitration is available in your contract. 

Read the first few posts of this thread to see how it works. 



Link to comment
Share on other sites

On 4/25/2019 at 12:23 PM, Jackie1989 said:

the lawyer filed it as an exhibit and it has arbitration

Then I would use arbitration.  If SOL is a viable defense in court, it's every bit as viable in arbitration.  But it'll never come to that.  The JDB will dismiss their claims against you once arbitration gets underway.

Read that thread I linked to for info on arbitration.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.