Good catch and good question. I mentioned Ohio because the 15-year versus 6-year SOL difference is so extreme. However, Ohio is probably not the best example because the state code does not specifically address open-ended accounts. With most states, the open-ended SOL is the same as for oral agreements, and in Ohio, oral agreements are covered under Ohio Rev. Code Ann. 2305.07 (6 years). An aggressive creditor would be expected to assert that the 15-year SOL applies as per 2305.06 for written contracts, and then it could come down to whether or not a copy of the written agreement could in fact be produced.

I’m not an attorney, so please do not interpret my post or this reply as legal advice that should be acted directly upon. If you’re dealing with an active situation that involves interpretation of the Ohio code for statute of limitations, please seek the advice of an attorney licensed in Ohio. Otherwise, it would be interesting to learn how this question has been interpreted by the Ohio courts. If you turn up anything along these lines in your research, please forward the info so I can update my readers.

Cheers,
Charles

After reading the above, i cannot find a ORC that supports the 6 year on cc. Can you point me in the right direction
steve