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REVISED Ohio Statute of limitations
ICANHASMUNY? posted a topic in Credit ForumWritten contract: 15 years, (O.R.C. §2305.06). 2305.06 Contract in writing. Amended by 129th General Assembly File No. 135, SB 224, § 1, eff. 9/28/2012. Except as provided in sections 126.301 and 1302.98 of the Revised Code, an action upon a specialty or an agreement, contract, or promise in writing shall be brought within eight years after the cause of action accrued. Section 2. That existing section 2305.06 of the Revised Code is hereby repealed. Section 3. Subject to Section 4 of this act, section 2305.06 of the Revised Code, as amended by this act, applies to actions in which the cause of action accrues on or after the effective date of this act. Section 4. For causes of action that are governed by section 2305.06 of the Revised Code and accrued prior to the effective date of this act, the period of limitations shall be eight years from the effective date of this act or the expiration of the period of limitations in effect prior to the effective date of this act, whichever occurs first. Please note - according to case law that I can find, CC's are not considered written contracts unless they have a copy of the application with your signature on it. and Ohio has a choice of law and borrowing statute also - see the case law forum. The statute of limitations for promissory notes still remains six years pursuant to Ohio Revised Code 1303.16, and four years for contracts for sales of goods under Ohio Revised Code 1302.98.