Collection of Old - Stats Barred - Loans - Province of Residence Statute of Limitation

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Province of Residence Statute of Limitation

Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Collection of Old - Stats Barred - Loans
Forum Description: Post questions about old loans and Statute of Limitations Issues
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=7324
Printed Date: 18/April/2024 at 9:33am
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Topic: Province of Residence Statute of Limitation

Posted By: misspsx
Subject: Province of Residence Statute of Limitation
Date Posted: 20/January/2018 at 8:29am

If someone has an old student loan 2000 Nova Scotia CIBC student loan( was not backed by govt) living in Alberta for 17 years, which statute of limitations applies to them? Alberta or Nova Scotia?

Replies:

Posted By: SolveStudentDebt
Date Posted: 21/January/2018 at 9:27am

If it is a provincial or bank-risk shared, then the law in the province the loan was taken out in applies. if it a federal loan, then the federal limitation act and CSLA applies.

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