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  1. Loan Agreements: Re: Lending Money to the Family Member Without Promissory Note or Contract

    Which State "Statue of limitations" applies?

    I am living in CA. But my brother-in-law is living in Illinois.

    According to California law, I can collect the debt with in 4 years. But It is 5...
  2. Loan Agreements: Re: Lending Money to the Family Member Without Promissory Note or Contract

    Thanks for the reply.

    No, I didn't receive any payment or any promissory document or any mail from him last 5 years.
  3. Loan Agreements: Lending Money to the Family Member Without Promissory Note or Contract

    My question involves collection proceedings in the State of: CA

    I lend the money to my brother-in-law in 2007. The amount is $23,500.00. My brother in law agreed to pay 9% interest for that money....
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