Indiana Complaint for Past Due Promissory Note

State:
Multi-State
Control #:
US-01126BG
Format:
Word; 
Rich Text
Instant download

Description

The form is a complaint for a default on payments due pursuant to a promissory note. The complaint adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Promissory notes have a statute of limitations. Depending on which U.S. state you live in, a written loan agreement may expire 3?15 years after creation.

In Indiana, a creditor has six years to file a lawsuit for defaulted payment on promissory notes.

Finally, Indiana Code 34-11-2-11 allows for a 10-year period of limitation for actions on written contracts, other than those for the payment of money, including most mortgages, deeds of trust, judgments of courts of record, and the recovery of the possession of real estate.

In fact, under Indiana Code § 35-41-4-2, murder and Level 1 and Level 2 felonies have no limitations period, meaning the prosecutor can bring the charges at any point after the commission of the offense.

Depending on the particular type of case or procedure, Indiana's statutes of limitations range from two to 20 years. The point at which the proverbial clock starts ticking is typically either the date of the incident or discovery of the harm.

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Indiana Complaint for Past Due Promissory Note