SOL in TX is 4 years, and for a repo it's under UCC.
I'm told by RKIs that SOL starts when the vehicle is sold, but TX is very debtor friendly. As such, the OC has a number of procedures they must follow or else they can't sue and collect the difference.
The relevant sections appear to be 2.725 (SOL) and 9.607-9.617 (procedures in case of default).
Does anyone have the answer to the SOL of a repo in Texas? I had a car repo in 02/2003 and date reported was 07/2005.
If you look at your EX and TU reports if pulled directly from those CRAs, as mentioned, you can find a drop off date. Subtract 7 years from that date to get DOFD. It's important you find this. If the car was repo'd in 2/2003, then your DOFD would be at or before that date. It shouldn't be reporting at all if that 2/2003 date is correct because the CRTP is 7-7.5 years. At the latest it should only report up to last summer. You can get the reports for free via annualcreditreport.com.
Nonetheless, aside from the reporting, if TX SOL is 4 years, then you are done anyway. They can't sue now because SOL is up (assuming you didn't pay since then, make a promise to pay, etc.).
Here's a copy of the listing on my EX report:
Status: Transferred,closed/Never late. Balloon payment of $14,982 due Jun 2005. Status Details: This account is scheduled to continue on record until Jul 2015. This item remained unchanged from our processing of your dispute in Oct 2006. Date Opened: 10/2000 Date of Status: 07/2005 Reported Since: 10/2000 Last Reported Date: 07/2005 Type: Installment Terms: 54 Months Monthly Payment: $0 Responsibility: Individual High Balance: N/A Recent Balance: N/A Recent Payment: