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Home / Opinion Digests / Creditor’s Rights – Auto Installment Loan – Limitations – Divisible Contract (access required)

Creditor’s Rights – Auto Installment Loan – Limitations – Divisible Contract (access required)

A creditor on defendant’s car loan cannot sue for payments the buyer failed to make on her installment loan more than four years before the creditor filed suit, as a Fairfax Circuit Court holds that the creditor’s suit for additional payments is time-barred under the UCC, Va. Code § 8.2-725. The sole issue before the court ...