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Export Affidavit Of Lost Promissory Note And Indemnity Agreement

Export Affidavit Of Lost Promissory Note And Indemnity Agreement

Aug 6th, 2022

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How to Export Affidavit Of Lost Promissory Note And Indemnity Agreement

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The video discusses the revival of a promissory note and related liens or mortgages after the expiration of the statute of limitations. It explains that all civil claims have set time limits, known as statutes of limitations, defined by the legislature. For instance, in Texas, the statute of limitations for automobile accidents is two years; failing to file a lawsuit within this period generally bars the claim. Regarding promissory notes—agreements to repay borrowed money—the statute of limitations is typically four years in Texas. Such notes often involve security interests in real estate or vehicles, providing collateral for the amount borrowed.

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