statuate of limitations on a loan?

[MyKidsMom]

What is the name of your state? NC

A loan was made in 2000 with a promise to be paid in full on or by 6/30/01. (paper was signed)

The paper that was signed was lost because of a move but now it has been found. Is it to late to take them to court to sue for the amount of loan.

 

[HomeGuru]

What is the name of your state? NC

A loan was made in 2000 with a promise to be paid in full on or by 6/30/01. (paper was signed)

The paper that was signed was lost because of a move but now it has been found. Is it to late to take them to court to sue for the amount of loan.

**A: how much was the amount of the loan?

 

[MyKidsMom]

$2500

 

[JETX]

The statute of Limitations in North Carolina is:
3 years for oral agreements and written contracts and
5 years for promissory notes.

So, based on the breach date of 6/30/01, you have until at least 6/29/04 to file an action.... and until 06 if this is a true promissory note.

 

[MyKidsMom]

THANK YOU

Thank You Very Much.. this will be taken care of Monday morning..