Innocent until proven guilty is the American Justice System. And the burden of the proof is on the one bringing the suit. Debt collectors need to get their act together before trying to file frivolous lawsuits.
Yes, if the account is still open the bank must hold onto the agreement for 20 years. If the account went delinquent 20 years before litigation then the statute of limitations has long passed and the lawsuit is frivolous; it should be dismissed with sanctions.
CG
1
IF a bank is trying to pursue something 20 years later, sounds like a statute of limitations violation.
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stopwithspoofedcallerID
2
Innocent until proven guilty is the American Justice System. And the burden of the proof is on the one bringing the suit. Debt collectors need to get their act together before trying to file frivolous lawsuits.
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michaelolenick
3
Yes, if the account is still open the bank must hold onto the agreement for 20 years. If the account went delinquent 20 years before litigation then the statute of limitations has long passed and the lawsuit is frivolous; it should be dismissed with sanctions.
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