Monday, December 19, 2011

Debt State Statutes in Florida

WAGE GARNISHMENT EXEMPTION: Federal law applies [if head of household, 100% of wages are exempt)



MAXIMUM INTEREST RATE: Legal: 10% Judgment: 10% or or contract rate (but not more than 18%)



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 4 years

Written Contract: 5 years

Domestic Judgment: 7 years (renewable)

Foreign Judgment: 5 years

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