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Statute of limitations?
I loan a friend $5,000.00 in the form of a cashiers check on Agust 22, 2007. Since then he has made several payments towards the loan; however, he still owes me $2500.00 and I sent a certified letter requesting the payment of such. What is the statute of limitations in the state of Florida should I need to take him to small claims court? I have heard from friends that it is only two years from the original loan date. Is this true? Thank you!
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Statute of limitations generally goes by the date of the last money he sent you. The statute of limitations on debt in Florida puts a time limit on the amount of time you can be sued for a debt. Oral Contract: 4 years Written Contract: 5 years Promissory Note: 5 years Open-Ended Accounts: 4 years |
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