Legal Question in Credit and Debt Law in Maryland
My son-in-law borrowed money from me totalling $7,800.00. The repay agreement was notorized on 2/11/02. The agreement was to repay this amount at a rate of $100.00 a week via payroll deductions. To date he has paid nothing. Is it too late to collect via Court action?
Asked on 6/15/11, 2:23 pm
1 Answer from Attorneys
Thomas Mallon
Law Office of Thomas K. Mallon, LLC
Not necessarily. The statute of limitations is 3 years, but it starts from the last date it was acknowledged, the the date the agreement was signed. Please let me know if you need more assisatnce.
Sincerely,
Thomas Mallon
410 847-9075
Answered on 8/05/11, 8:56 pm
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