Friday, December 30, 2011

Debt State Statutes in Maryland

WAGE GARNISHMENT EXEMPTION: Greater of 75% or the amount equal to $145 times the number of weeks wages due were earned (except in Caroline, Worchester, Kent & Queen Anne's Counties where federal law applies)



MAXIMUM INTEREST RATE: Legal: 6% Judgment: 10% or contract rate



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 3 years

Written Contract: 3 years

Domestic Judgment: 12 years

Foreign Judgment: 12 years

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