<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Dee Ryerson:
What is the time frame for collecting a personal Loan? Is it the same as regular commercial debts (ie, 7-10 years)? And if a family member is presenting themselves as a debt collector, can they be sued civilly for harrassment?<HR></BLOCKQUOTE>
My response:
The Arizona Statute of Limitations is 3 years on an Oral agreement, and 5 years on a Written agreement. The time is measured from the inception of the loan, or from the date of the last payment, whichever is later.
A "family member" in his/her personal capacity, is not controlled by the Fair Debt Collections Practices Act. Your statement about Harrassment must be explained to me in FULL DETAIL in order for me to tell you whether or not a law has been violated.
IAAL
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