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Encrypt Affidavit Of Lost Promissory Note And Indemnity Agreement

Encrypt Affidavit Of Lost Promissory Note And Indemnity Agreement

Aug 6th, 2022

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How to Encrypt Affidavit Of Lost Promissory Note And Indemnity Agreement

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The video tutorial discusses the revival of promissory notes and associated liens or mortgages after the statute of limitations expires. Statutes of limitations, set by the legislature, limit the time to file civil claims; for example, in Texas, the statute for auto collision claims is two years. If a lawsuit isn't filed within this timeframe, the claim is barred. Regarding promissory notes, which are agreements to repay borrowed money, Texas has a four-year statute of limitations. These notes often include security interests, such as real estate or vehicles, which provide collateral for the loan. The video emphasizes the importance of understanding these legal timeframes in financial agreements.

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