can moving to another state actually re age the SOL? I was under the impression the sol applied to the location where the debt had occured and not subject to new state laws? does the location of the CA have an effect as to jurisdiction ? example debtor now resides in NY the CA is located in IL and the debt occured in NV any help would be appreciated thx
Yes your SOL DOES "float". You can be sued in either the State where you signed up for the credit, OR in the State you presently live in. The State you are SUED in determines the SOL that you can use for a SOL defense. If you move to a "longer" SOL State like NY, you can STILL sometimes use the shorter SOL of the State you DEFAULTED in, even if you are sued in the longer SOL State. Some States, (like NY) have what is called a "borrowing" statute, which means that you can "borrow" the shorter SOL of your defaulting State if you are sued in NY. To find out if your State has such a statute, go to your State's page on my website.
thank you whychat for the link I will check it out I had a feeling there was more to this than meets the eye.
