Tuesday, December 20, 2011

Debt State Statutes in Georgia

WAGE GARNISHMENTS: Federal law applies



MAXIMUM INTEREST RATE: Legal: 7% Judgment: 12%

Commercial Accounts: 18%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 4 years

Written Contract: 6 years

Domestic Judgment: 7 years

Foreign Judgment: 5 years

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