What is the statue of limitations law for repossession in the state of Virginia? I got a harassing call today and it has been 7 years
Hello,Thank you for using JA. There is not a statute of limitations on repossessions per se, but rather on the underlying debt that is secured by a vehicle. The SOL on written contracts for purchases is 5 years. So if the creditor hasn't filed suit against the debtor and gotten a judgment within 5 years of default, they are then barred from doing so and can't collect on the debt..
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