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!

If it goes into arrears after Jan 1, 2004, then the NEW SOL would apply.

Therefore, 2 years.