Tuesday, January 3, 2012

Debt State Statutes in Mississippi

WAGE GARNISHMENT EXEMPTION: Federal law applies



MAXIMUM INTEREST RATE: Legal: 8% Judgment: Contract rate or court decides



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit card): 3 years

Written Contract: 3 years

Domestic Judgment: 7 years

Foreign Judgment: 7 years (3 years if resident)

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