Thursday, December 29, 2011

Debt State Statutes in Maine

MAXIMUM INTEREST RATE: Legal: 8% Judgment: 15% (if less than $30,000; T-Bill rate if over $30,000)



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 6 years

Written Contract: 6 years (plus 20 with attestment)

Domestic Judgment: 20 years

Foreign Judgment: 20 years

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