Hi all-
Two questions:
First, are there exceptions to the statute of limitations for debt collection as it applies to education debt? I realize that there is an exception for US Dept of Education-financed loans/ student loan debt, but what about (for example) a small "emergency" loan taken out directly from the University back in 1997 or 1998? The school offered personal loans of up to $200, and is saying I took one out way back when. Or, at least, the collection agency is saying this.
Second, I no longer live in the state in which this occurred. Which state's laws would apply? My current state of Texas, or California (where I attended university at the time the loan occurred)?
Thanks ahead for any assistance in determining if this collection attempt is valid or time-barred.
Two questions:
First, are there exceptions to the statute of limitations for debt collection as it applies to education debt? I realize that there is an exception for US Dept of Education-financed loans/ student loan debt, but what about (for example) a small "emergency" loan taken out directly from the University back in 1997 or 1998? The school offered personal loans of up to $200, and is saying I took one out way back when. Or, at least, the collection agency is saying this.
Second, I no longer live in the state in which this occurred. Which state's laws would apply? My current state of Texas, or California (where I attended university at the time the loan occurred)?
Thanks ahead for any assistance in determining if this collection attempt is valid or time-barred.