What does the SOL go by?

What does the SOL go by? I would like to know which is correct if it is the state you applied for the credit card or the state of the card holder agreement. Is this the same thing or different. Could someone please explain?

2 Answers

The SOL will be valid for the state where the agreement was signed between the creditor and the borrower, not where the creditor has his office. 


You are bound by the SOL of YOUR state.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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