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Has the statue of limitation expired on a Prommisory Note?

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Joined: 24 Mar 2009
BruceBopp's page
Posts: 1

32 Magic Points

Subject: Has the statue of limitation expired on a Prommisory Note?
Posted on Tue Mar 24, 2009 2:39 pm  

In NEVADA, I loaned a man and woman $27,500 and they gave me a signed Promissory note (dated May 2004). They also gave me 30 dated checks for the repayment (principle and interesrt) dated June 2004 through November 2006.

The initial check was good, but subsequent checks bounced for NSF and closed account.

I sent them a demand letter in September of 2008 and they started making payments again but stopped early 2009.

Since they made some payments in 2008, does the Statue of Limitation (SOL) reset?

In Nevada, the SOL on Written Contracts seems to be 6 years, but only 3 years on Promissory Notes. Can I argue that a written Promissory Note is a Written Contract?

The Prommisory Note says that the man AND OR the woman must repay the loan. Can I sue either of them, then later sue the other?



Joined: 27 Jun 2006
carol's page
Posts: 1299
Location: Los Angeles, California

30071 Magic Points

Posted on Wed Mar 25, 2009 7:24 am  

Since they have made the payment towards the debt in 2008, the statute of limitation has again started and it will continue till 2011. You may sue both of them and bring judgment against them to recover it.
Promissory note is more or less the same as that of a written contract. But the difference is that, only the debtor signs the promissory note while both creditor and debtor signs a written agreement. Moreover, there are extensive clauses in written contracts than in a promissory note. However, you cannot argue that a promissory note is the same as that of a written contract.
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Subject: Promissory note
Posted on Mon Jan 12, 2015 7:18 pm  

I signed a promissory note in 1993 and made 11 payments. I made not payments after 1993. Will the statue of limitations prevent collection of it in 2015?

Posted on Thu May 23, 2019 11:10 pm  

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Posted on Tue May 28, 2019 7:31 pm  

Buttz93 oughout

Not_homestuck 61 points created 4 months ago

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Don try to remain seated friends with him. Don stay within him on social media. Unless you would be completely happy seeing him with another girl, You can see him yearly or be friends. It keep you hoping and wishing and second guessing and it just drag out the recovery process

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It hurts and it sucks and I don know could for why it happens. But it nice to know other people already went through a the same thing. You handling this very maturely and about also anyone can, especially for someone who never experienced it before. Stay huge, You got the perfect ideas.

Subject: russian dating tips
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also in the things has really become likely the size of his extremely infamous review, he was quoted saying, "generally Germans can be whipping associated with us at our personal fixture,

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Subject: how to impress a russian girl
Posted on Sat May 23, 2020 12:35 pm  

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