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Florida SOL on personal loans?
Anonymous7 views4 answers
Being sued for a personal loan that i don't admit or deny, but its been since 2/18/2010 that the supposed note was signed by me. This person who i interacted with on a daily basis till recently never mentioned about payment or debt till now. I received a Demand for Payment this week.
Generally 5 years for a written contract but it is from the date of the breach not the signature/execution. So whenever you stopped paying, or payment was due in the language of the note is that breach. Ie. If the note required payment after 5 years from signing then the SOL doesn't start running until that 5 years is up. You would need a lawyer to review this note and determine the SOL.
I agree with the other attorneys. It's best to have an attorney review your contract for any technicalities. I would not want to give you advice without reviewing the K and SOL together.
