Thursday, December 15, 2011

Debt State Statutes in District of Columbia

WAGE GARNISHMENT EXEMPTION



Federal law applies. [Government employees exempt from garnishments]



MAXIMUM INTEREST RATE



Legal: 6% Judgment: 70% of interest rate on taxes to IRS



STATUTE OF LIMITATIONS



Open Account (credit card): 3 years

Written Contract: 3 years

Domestic Judgment: 20 years

Foreign Judgment: Foreign Statute Applies

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