Statute of limitations on a personal loan and promisary note
Okay this is the situation. I singed a promissary (sp) note on or around July 7th 2000, the loan was for $1,700. The promissary note did not state anything regarding interest. On October 24, 2000 she again loaned me $600 and on August 27th 2001 she sent me a check for $375.00 ( this was a gift, not a loan) , the last loan for $600 did not have any promisary note signed nor whas there any agreement on when the money would be paid back. The loan was personal in nature made to me from my mother. Due to circumstances beyond my control I was unable to re-pay. When the promisary note was signed I lived in Indiana and she lived in Iowa.
Just yesterday I received a letter in the mail from a attorney she hired to collect the debt. The letter is stateing that I owe her $2,675.00. This amount is for all three amounts stated above plus 5% interest.
My question is... Is the statute of limitations up on this note ? And since there was no agreement on interest being paid back does the attorney have a right to collect interest ? How do I go about disputing the amount the attorney is claiming I owe if the statute is not up ?
Any and all responses are appreciated.