Courts continue steadily to examine statute of limitations for installment loans:
Florida courts continue steadily to grapple with different dilemmas linked to the statute of limitations for installment loans and whether a formerly dismissed foreclosure action bars suit on subsequent defaults. Once we have actually formerly talked about, in U.S. Bank nationwide Association v. Bartram, Florida’s Fifth District Court of Appeal decided that the dismissal of the previous property foreclosure action basically nullified the original acceleration associated with loan, in a way that subsequent installments had then become due while the statute of limits period went from each missed installment. Bartram certified the following concern to the Florida Supreme Court: