Log in

View Full Version : New vs. Old Statute of Limitations in Ontario


camero
Jan 3, 2007, 12:54 AM
If a credit card issued in the 1990's goes into arrears sometime after Jan 1/04, does the new SOL or the old SOL in Ontario apply?

For further clarification, as of Jan 1/04, there was debt owing on the card but it was not in arrears at that time.

Thanks!

CaptainForest
Jan 12, 2007, 10:02 PM
If it goes into arrears after Jan 1, 2004, then the NEW SOL would apply.

Therefore, 2 years.