Is there a statute of limitations if I am being sued? Posted on March 15, 2011

I am being sued for a car loan that was taken out 5yrs ago the car was repossessed 3 yrs ago from my ex because she stopped making payments. My ex and I had an agreement if she couldn't make payment car reverted to my possession and I would pull a diff loan to get her name off it I am the main loan holder. My question is if there is a statute of limitations because it has been so long or do I just have to sue her (my ex) in small claims?

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