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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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