How long are IOUs and IOUs valid for?

If the IOU with an agreed repayment period does not claim its rights within 3 years from the date of expiration of the agreed repayment period, the law will not protect it, but if there is no promissory note during the repayment period, the creditor may request the debtor to repay the loan at any time, but if the creditor does not claim its rights for more than 20 years from the date of issuance of the promissory note, the law will not protect it.

According to Article 188 of the General Principles of the Civil Law, the limitation period for litigation is calculated from the date on which the creditor knows or should know that the right has been damaged and the debtor has been damaged.

Although both the white note and the IOU have legal benefits, but the statute of limitations of the white note is only 3 years, and the IOU is as long as 20 years, if you take an "overdue" IOU to the court, the judge can only say that it is invalid, if there is no IOU and an IOU that agrees on the repayment period, the IOU, (1) the parties have agreed on the debt performance period, and the creditor shall claim the right within 3 years after the expiration of the performance period, (2) if the parties do not agree on the default performance period, the statute of limitations is 3 years from the date of arrears, The creditor shall claim its rights within 3 years from the date of payment of the arrears. Debit, (1) the parties have agreed on the performance period in the IOU, and the creditor shall claim the right within 3 years after the expiration of the performance period, (2) if the party does not agree on the performance period in the IOU, the creditor shall claim the right within 20 years from the date of signing the IOU, so borrowing money is also a prudent thing, and it is best to write an "IOU" when making the voucher, of course, if the amount is large, you need to sign a loan agreement and find a lawyer for review.

Note: The difference between an IOU and an IOU, "IOU" not only indicates that there is a creditor-debtor relationship between the lender and the borrower or the borrower, but also indicates the reason for the debt. The lender only needs to issue an "IOU" to prove that it has a claim against the borrower or the borrower, and does not need to prove the reason for the creditor's right, the "IOU" is the proof of the creditor-debtor relationship between the two parties, and "loan" is one of the reasons for the formation of the IOU, but it is not the only reason for the formation of the IOU, if the debtor has sufficient reasons to deny the authenticity of the reason for the formation of the "IOU", the holder of the "IOU" is obliged to provide evidence to the court to prove that the fact of the formation of the "IOU" is true.

If the time of repayment is expressly stipulated on the IOU, the statute of limitations shall be calculated within two years from the agreed time for repayment.

The statute of limitations shall be calculated from the date of issuance of the IOU, and the right holder shall claim its rights with the people's court within three years from the date of issuance of the IOU.

I think the validity period of IOUs and IOUs should be as long as 10 years, because after 10 years, these things can be taken out and sorted out.

IOUs are valid for three years. If the IOU is not dated by the other party, it can be returned at any time, and there is no fixed deadline.

IOUs and IOUs are valid for several years, and the validity period of the so-called IOUs is the statute of limitations. According to China's Civil Code, the statute of limitations for filing a request to the people's court for protection of civil rights is three years.

Article 188 of the Civil Code of the People's Republic of China.

The statute of limitations for filing a request to a people's court for the protection of civil rights is three years. Where the law provides otherwise, follow those provisions. The limitation period is calculated from the date on which the right holder knows or should know that the right has been damaged and the obligor.

Where the law provides otherwise, follow those provisions. However, where more than 20 years have elapsed since the date on which the rights were harmed by searches, the people's courts will not protect them, and where there are special circumstances, the people's courts may decide to extend them on the basis of the rights holder's application.

How long is the validity period of the IOU and the IOU in 2022 When the repayment time is clearly stipulated on the IOU, the statute of limitations shall be calculated within two years from the agreed repayment time. If the time of repayment is not specified, the statute of limitations is indefinite, and the maximum statute of limitations is 20 years; The filing of a lawsuit is three years from the time you know or should have known that your rights have been infringed, i.e. three years from the time you repay the loan.

The validity period of the IOU, i.e., the statute of limitations, is as follows:

1. For IOUs with agreed repayment periods, the statute of limitations shall be calculated for 3 years from the day after the expiration of the repayment period;

2. For IOUs without an agreed repayment period, the statute of limitations shall be calculated from the date of issuance of the IOU. There are two types of validity for an IOU.

An IOU is a written document indicating the creditor's rights and debts, which is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount indicated in the IOU. An IOU is an IOU that is written to a person or a public person when they borrow cash or goods from the other party.

After the money and property are returned, the slip maker takes back the slip, which is invalid or torn. It is a kind of documentary instrument. It is usually used in daily life as well as in business management.

From a legal point of view, an IOU is a written document that indicates the relationship between creditor's rights and debts, which is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount specified in the IOU.

The relevant laws and regulations stipulate that after the guarantee contract is confirmed to be invalid, if the debtor, the guarantor and the creditor are at fault, they shall each bear the corresponding civil liability according to their fault.

If, in order to guarantee the performance of the debt, the debtor or a third party does not transfer the possession of the property and mortgages the property to the creditor, the debtor fails to perform the due debt or the mortgage rights are realized as agreed by the parties, and the creditor has the right to be repaid in priority for the property.

Civil Code of the People's Republic of China

Article 392:Where the secured creditor's rights are both physical and personal security, and the debtor fails to perform the debts due or the parties agree to realize the security interest, the creditor shall realize the creditor's rights in accordance with the agreement; If there is no agreement or the agreement is not clear, and the debtor provides security for the thing, the creditor shall first realize the creditor's right on the security of the thing; If a third party provides security in kind, the creditor may realize the creditor's rights in respect of the security in rem, and may also request the guarantor to bear the guarantee liability. The third party providing the guarantee has the right to recover from the debtor after assuming the guarantee liability.

The validity period of an IOU and an IOU is the same, and both are three years. Counted from the date of repayment indicated on the IOU. If the lender fails to claim its rights with the people's court for more than 3 years, the people's court will no longer protect it.

For IOUs that do not indicate the date of repayment, the lender may request repayment from the borrower at any time, but if the lender does not claim its rights within 20 years after the borrower issues the IOU, the statute of limitations will no longer run.

Legal basis: Article 188 of the Civil Code of the People's Republic of China: The statute of limitations for filing a request to the people's court for protection of civil rights is three years. Where the law provides otherwise, follow those provisions.

The limitation period for litigation shall be calculated from the date on which the right holder knows or should know that the rights have been infringed and the obligated borrower. Where the law provides otherwise, follow those provisions. However, if more than 20 years have elapsed since the date on which the right bend beam was damaged, the people's court shall not protect it, and if there are special circumstances, the people's court may decide to extend it on the basis of the right holder's application.