My question involves collection proceedings in the State of: Pennsylvania
Does Pennsylvania statute require loans over a certain amount to be in writing? The loan in question is for $120k between two individuals.
My question involves collection proceedings in the State of: Pennsylvania
Does Pennsylvania statute require loans over a certain amount to be in writing? The loan in question is for $120k between two individuals.
No, although it would seem pretty foolish to make a $120K loan without documenting that it is, in fact, a loan.