Sunday, December 11, 2011

Debt State Statutes in California


WAGE GARNISHMENT EXEMPTION: Federal law applies.



MAXIMUM INTEREST RATE: Legal: 10% Judgment: 10% or contract rate



STATUTE OF LIMITATIONS FOR ENFORCEMENT:



Open Account (credit card): 4 years (2 yeas if not in writing)

Written Contract: 4 years

Domestic Judgment: 10 years (can be renewed at 10 years)

Foreign Judgment: 10 years

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