SOL Question

[annm]

Is the SOL dependent on the state you lived in when you opened the account or where you  live now? I currently live in a state where the SOL is 2 years longer than the state I lived in at time of the accounts. 

[gdale6]

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@annm wrote:

Is the SOL dependent on the state you lived in when you opened the account or where you  live now? I currently live in a state where the SOL is 2 years longer than the state I lived in at time of the accounts. 

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Typically where you live now however if the SOL ran in another state you would use what are called borrowing statutes... A lot of judges dont like other states SOLs in their courtrooms but the borrowing statutes is what gives you power..

[annm]

thanks gdale

[polno1234]

kind of depends. if you lived in a state where the sol was say 3 years and you moved out of that state 4 years from dofd on that account to a state with a 5 year sol it would be an easy defense. however same as above except you moved 2 years from dofd it would get more complicated and harder to defend in court depending on state laws and the judge. do not put it past any ca to attempt whatever is in their best interest.