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What is the SOL in Georgia?




Georgia Statutes of Limitation

Breach of any contract for sale: 4 years, (OCGA 11-2- 725) NOTE: Parties may reduce limitation to not less than one year, but not extend it. A cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.

Contract, including breach of warranty or indemnity: 4 years, (OCGA 11- 22A-506) NOTE: The parties may reduce the period to one year.

Written contract: 6 years from when it becomes due and payable and the six (6) year period runs from the date of last payment. (OCGA 9-3-24)

Open account; implied promise or undertaking: 4 years, (OCGA 9-3-25). NOTE: Payment, unaccompanied by a writing acknowledging the debt, does not stopped the statute. Therefore, the statutory period runs from the date of default, not the date of last payment.

Bonds or other instruments under seal, 20 years, (OCGA 9-3-23) NOTE: No instrument is considered under seal unless it????????s stated in the body of the instrument.

Sub: #1 posted on Thu, 07/17/2008 - 01:54

smo65d11 smo65d11

(Posts: 1468 | Credits: 133.12)

This would be on a credit card debt that the last payment was made on July 3, 2002.

Sub: #2 posted on Thu, 07/17/2008 - 02:00

Unregistered


Then SOL expired 7/03/08. When did Mann Bracken file?

Sub: #3 posted on Thu, 07/17/2008 - 03:25

NASCAR_Devil NASCAR_Devil
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(Posts: 4665 | Credits: 308.23)

They filed on 7-14-08

Sub: #4 posted on Thu, 07/17/2008 - 03:50

Unregistered


I myself am confused about the SOL. It starts from the last date you made a payment? I read somewhere, and don't know if this is correct, that from the last time you made a payment you add 6 months?

In my situation, My account was open in 2001, but the last payment was not to the original creditor, it was to a collection agency in 2003. I am in NY, can they still sue?

Sub: #5 posted on Thu, 07/17/2008 - 09:48

Unregistered


The "clock" for SOL starts from the first date of delinquency and can be restarted by making a payment (and in some states a promise to pay or even acknowledging the debt as yours)

Sub: #6 posted on Thu, 07/17/2008 - 09:50

JCEMT JCEMT
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If someone were to be sued and they wanted to use SOL as a defense, do they need to show proof of their last payment? What if you dont have anything since the debt is so old, would the collector win?

Sub: #7 posted on Thu, 07/17/2008 - 10:01

Unregistered


Tammy, you will need to raise SOL as your defense in you answer to the summons/interrogatories. All other questions, deny everything admit nothing and raise counter-claims.

Sub: #8 posted on Thu, 07/17/2008 - 15:22

NASCAR_Devil NASCAR_Devil
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(Posts: 4665 | Credits: 308.23)

Guest, it wil always be up to the defendant to supporting documentation if SOL is raised as an affrimative defense. That can be in the form of prior credit reports reflecting last payment with the OC, bank statements, cancelled checks..etc. That is why Discovery questions from you can be valuable as well. Requests fro Production of Documents from the plaintiff many times can work in your favor as well. I would suggest if you are in that situation to make yourself very familiar with your local rules of civil procedure (RCP) and start researching Interrogatories, Discovery, use of Affadavits, etc.....

Sub: #9 posted on Thu, 07/17/2008 - 15:57

NASCAR_Devil NASCAR_Devil
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(Posts: 4665 | Credits: 308.23)

I think the 6 month issue is that things like tax liens, paid off collections, etc are removed x-number of years (4, 6, 7, 10 etc) PLUS 6 months from your credit report.

I might be wrong but that is the only 6-month thing I can think of?

Maybe someone else knows for sure?

Sub: #10 posted on Thu, 07/17/2008 - 18:08

smo65d11 smo65d11

(Posts: 1468 | Credits: 133.12)

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