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Posted by Why Chat (184.108.40.206) on September 19, 2002 at 21:21:06:
In Reply to: hmm... posted by jm10101 on September 19, 2002 at 17:10:20:
It means that if your note was witnessed, and the ORIGINAL payee,(the person or company named in the note who loaned you the $$) is the one trying to collect, they have 20 years to sue you after your breach.
If the note was sold to a collection agency, it reverts to the 6 year SOL.
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