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Province of Residence Statute of Limitation

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    Posted: 20/January/2018 at 12:29pm
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?
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 21/January/2018 at 1:27pm
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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