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How Another State’s Deadline Can Stop a Debt Lawsuit: The Borrowing Statute Explained
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In this video Brian Parker explains how a borrowing statute can force a court to apply another state’s shorter statute of limitations to a debt collection lawsuit, how governing-law clauses differ from borrowing statutes, why a debt buyer does not receive a fresh deadline after purchasing an account, and how Portfolio Recovery Associates v. King became time-barred under Delaware’s three-year deadline.
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The skinny
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