Allmän preskriptionstid på engelska
hello i'm wondering if there's any law in sweden about Statue of limitation that says you dont have to pay back loans if they have existed for over 2 years. do we have somthing equal to this statue of limitation in sweden? and if so how does it work and what does it cover?
Hello and thanks for using our services!
The Swedish regulation concerning statue of limitation are stated in Preskriptionslag (1981:130).
The principal rule is that depts are written off after a 10-year period (2§).
But if the deptor is considered a consumer, in a contractual relationship with a professional business, then the limitation-time is reduced to a 3-year period.
Though this limitation-time, regardless of 3 or 10 years, is subjected to a "limitation suspension action" that when used resets the limitation-time (5§). A limitation suspension action can be triggered at any point during the limitation-time, by any of the following actions; (1) reminder, (2) exaction, (3) claim or (4) any other formal legal action.
I Hope this advice help has been useful.
Fredrik NorbergFredrik Norberg