Re: Ohio SOL for Credit Card Debts

Posted by Why Chat (209.240.198.61) on March 24, 2003 at 18:00:25:

In Reply to: Re: Ohio SOL for Credit Card Debts posted by Heres some Ohio cases on March 24, 2003 at 17:28:14:

Try being logical "lawguy".

OBVIOUSLY credit card agreements are binding contracts.

So are ORAL agreements.

The issue is not who can dredge up the most caselaw, but which statute of limitation applies to credit card (and other revolving lines of credit)

In Ohio, and ALL States, the Federal TILA rules preempt any State laws for CONSUMERS.

TILA defines credit cards as "open-ended" accounts.

By a proccess of elimination,the Ohio 4 year SOL applies, as "ALL OTHER".

I posted the exception to "contracts in writing" statute, to allow pro se litigants, a simple easy to understand refutation of slime ca claims that credit cards are written contracts subject to the 15 year SOL.And the excerpt from Ohio's RISA to refute contentions that credit cards are installment sales contracts.

There is an old expression,which I beleve applies to your posts in this forum, "lawguy",

"If You Are Not Part Of The Solution,You Are Part Of The Problem."

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