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    jmounts's Avatar
    jmounts Posts: 1, Reputation: 1
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    #1

    May 24, 2009, 11:11 AM
    Statute of limitation on collection of charge off accounts in Florida
    Please tell me what the statute of limitation period is for collecting charge off accounts in Florida?
    1northdakotaemt's Avatar
    1northdakotaemt Posts: 5, Reputation: 2
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    #2

    May 25, 2009, 10:23 AM

    The statute of limitations on accounts in Florida is 4 years, but debts supported by a contract (written, oral, or mixed) is 5 years. The owner of the debt has that long to collect on the debt or file a lawsuit.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    May 25, 2009, 10:41 AM

    And the SOL is from last activity,
    Charge off is merely an accounting term

    Next the SOL is only the time frame they can no longer sue in court, hey may attempt other collection activities forever.
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