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WHY CHAT or anyone, What is a 'revolving line of account' ?
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Posted by sinting
(216.196.47.61) on February 21, 2004 at 17:55:27:
Why Chat wrote :
"The fact that it is a revolving line of credit makes it an open account subject to the 4 year SOL in Ohio. " Does it mean the 4 years SOL can reset itself once it's purchased by another creditor or transferred to a CA ? Sorry, I am just a freshman in business law :)
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