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Re: How long does a company have to inform you of an error
I've just read the Limitations Act again (yes I know it's Saturday afternoon but with no football on the telly I was a bit bored lol), and it seems to me that the actual mortgage, or secured loan would be 12 years, but the interest and arrears thereon would be 6 years, as you said in your first post. Added to this, as they say it was their error, can they actually come after you now anyway? Not sure what the Act says, if anything, about reclaiming in the case of errors.
I've just read the Limitations Act again (yes I know it's Saturday afternoon but with no football on the telly I was a bit bored lol), and it seems to me that the actual mortgage, or secured loan would be 12 years, but the interest and arrears thereon would be 6 years, as you said in your first post. Added to this, as they say it was their error, can they actually come after you now anyway? Not sure what the Act says, if anything, about reclaiming in the case of errors.
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