SOL question...

[golo]

Hi all! I don't know where to put it,mod put it where it belong if it's no here,
My question is,where does the SOL take place,I mean,if I move for the state I have the debt,which state is where the SOL apply?
Thanks in advance

[pizzadude]

Usually it applies to your state of residence, since that is where a lawsuit would be filed against you.

[MarcinXP]

+1

It's based on where your residence is at the present time. If you aquire a debt in Georgia which has a 4 year SOL on revolving accounts and move to Ohio where SOL is 15 years I believe...you going to need to move somewhere else because they can sue you for up to 15 years..and vice versa...you get a loan in Ohio and say move to a state that has 3 years SOL...you are good.

[golo]

Thanks guys!  And thank you for this forum!