During this period, if the creditor brings a lawsuit to the court and provides sufficient evidence to support his request, then the creditor's rights can be protected by the court and the creditor can win the case. However, if the creditor does not bring a lawsuit to the court within this time limit, then although the creditor can still bring a lawsuit to the court, the creditor has lost the right to win the case. Even if the evidence provided by the creditor to the court is sufficient, as long as the debtor raises the defense of limitation of action, there is only one result for the creditor, and that is to lose the case.
The limitation period of action is two years before 20 17 10, counting from the date when the creditor knows that his rights have been infringed; Three years after June of 20 17 10, counting from the date when the creditor knows that the right has been infringed, the debtor.
Therefore, if your loan was borrowed 18 years ago, and the credit union never claimed the creditor's rights from you during 18 years, then the statute of limitations has expired no matter whether it is two years or three years. Therefore, even if the credit union goes to court to sue you now, it is impossible for the credit union to get a successful judgment. So, the next time the credit union comes to you to pay back the money, you can tell them that you will not pay back the money. Then tell them and let them go to court!
Some people may say, isn't it cheating for borrowers to do so? I clearly owe money to the credit union, but I don't pay it back. In fact, the law does not protect people who sleep on their rights. If the credit cooperatives really haven't collected loans from borrowers since 18, then the credit cooperatives obviously belong to such people who have the right to sleep, and the law will not protect them.