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-   -   Is there a statute of limitations on a lien in Ontario? (https://www.askmehelpdesk.com/showthread.php?t=681210)

  • Jul 10, 2012, 04:02 PM
    asking1
    Is there a statute of limitations on a lien in Ontario?
    I have two mortgages which are up to date. However, I was slapped with a $90,000 lien by a creditor. Is there a statute of limitations on this lien?
  • Jul 10, 2012, 04:07 PM
    ScottGem
    No, SOL refers to the time a creditor has to file legal action. They already filed a lawsuit and obtained a judgment so AOL is moot. But a judgment is good for 10 years and renewable for at least another 10.
  • Jul 10, 2012, 07:05 PM
    asking1
    Quote:
    Originally Posted by ScottGem View Post
    No, SOL refers to the time a creditor has to file legal action. They already filed a lawsuit and obtained a judgment so AOL is moot. But a judgment is good for 10 years and renewable for at least another 10.
    Thank you, Scott!

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