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State Courts -
California - January 24, 2005
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LPP Mortgage, Ltd. v. Bizar, B172072,
COURT OF APPEAL OF CALIFORNIA, SECOND APPELLATE DISTRICT, DIVISION FOUR, January 24, 2005, Filed
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Overview: A mortgage company, as the assignee of a promissory note made to the United States Small Business Administration, was entitled to use the federal statute of limitations, 28 U.S.C.S. ??2451(a), in pursuing its action against the borrowers to collect on a promissory note; the action was timely and the company was entitled to summary judgment.
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