California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 1.6C.15 — Private Student Loan Collections Reform Act, Section 1788.204
A private education lender or private education loan collector shall not bring suit or initiate an arbitration or other legal proceeding to collect a private education loan if the applicable statute of limitations for the private education lender’s or private education loan collector’s claim has expired.
Notes
Prohibits a private education lender or private education loan collector from filing a lawsuit, starting arbitration, or initiating another legal proceeding to collect a private education loan after the applicable statute of limitations on that lender’s or collector’s claim has expired. The bar applies once the limitations period for the collection claim is no longer open.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1788.204 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-1-6c-15/section-1788-204