Is there a statue of limitations on a default car loan after 14 years in Florida
1 Answer | Asked in Bankruptcy Law for Florida on Apr 5, 2011.
Answered On Apr 14, 2011
The general statute of limitations is Florida Statute §95.11 and provides for five (5) years. This period starts from the last transaction, which includes any payment(s). If a judgment was issued within this period, the statute of limitation is then 20 years.