Yes, the statute of limitations for general arrears is three years. Be careful not to exceed the limitation of action, after which the law will not protect it. In the last six months of the limitation of action, if the right of claim cannot be exercised due to force majeure or other obstacles, the limitation of action shall be suspended. From the date when the reasons for the suspension of the limitation of action are eliminated, the limitation of action shall continue to be counted.

Legal analysis

There are many disputes arising from the problem of borrowing money, and the most common one is not paying back the money. The limitation of action for borrowing money is related to the interests of both borrowers and lenders, especially lenders. Generally speaking, the statute of limitations applies to the general statute of limitations of three years, but there are also special statutes of limitations, such as one year, and the longest statute of limitations is twenty years. Generally, the statute of limitations for borrowing money and not paying it back applies to the statute of limitations of three years, but this is not absolute. It is also possible to apply the statute of limitations of up to 20 years if you borrow money without paying it back. First of all, it is important to know the starting time of the limitation of action. Generally, the starting time of the limitation of action is within three years from the date of the expiration of the loan period, or the creditor gives the debtor a grace period to pay back the money, then when this grace period expires, the limitation of action begins to calculate. The creditor and the debtor did not agree on the repayment date when borrowing money, so it is impossible to determine when to start calculating the limitation of action. This time is based on the three-year statute of limitations from the date when the creditor claims the creditor's rights from the debtor, that is, the debtor is allowed to pay back the money.

legal ground

Article 188 of the Civil Law of People's Republic of China (PRC) requests the people's court to protect civil rights, and the limitation of action is three years. Where there are other provisions in the law, those provisions shall prevail. The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it. Where there are other provisions in the law, those provisions shall prevail. However, the people's court shall not protect the rights that have been damaged for more than 20 years. Under special circumstances, the people's court may decide to extend the time according to the application of the obligee.