What is SOL on Credit Cards in OHIO
Date: Wed, 01/12/2011 - 18:13
SOL on a credit card in OHIO.
Actually, what Ohio law states is that the SOL for an oral contr
Actually, what Ohio law states is that the SOL for an oral contract is 6 years, and for a written contract, 15 years. If a creditor can't produce a contract with your signature, I would say the SOL is 6 years.
Also, some credit card agreements state that the law of another state governs. Often it is Delaware, which has a 3 year SOL. So you could try to argue that.
Well you can argue that til the cows come home but there are too
Well you can argue that til the cows come home but there are too many precedents and too much case law that supports a 15 year SOL on credit cards in Ohio.