View Full Version : Staute of limitations in brithish columbia for loan
jayman
Mar 31, 2007, 09:54 PM
In 1996 my grandfather got me a loan in my name and he cosigned.in b.c long story short my life went in the wrong direction. My grandpa paid my payments until he died. When he died I told the bank I could not pay the payments. Have not herd a word in 11 years. Now third party collection contacts me in alberta. Saying to give them 6,000 is there not a time frame?
Thank you jayman
CaptainForest
Mar 31, 2007, 10:43 PM
Yes there is a SOL.
Question, what KIND of loan is this?
For a house? A car? A general loan? Secured by collateral?
jayman
Apr 1, 2007, 08:49 PM
Well it could have been general or a car loan. He got the loan for me to get a car but never
Specified. And no it was not secured with any collateral
jayman
CaptainForest
Apr 1, 2007, 10:07 PM
Take a read through BC's Limitations Act
Limitation Act (http://www.qp.gov.bc.ca/statreg/stat/L/96266_01.htm#section3)
Section 3.