Showing posts with label Debt State Statutes in California. Show all posts
Showing posts with label Debt State Statutes in California. Show all posts

Sunday, December 11, 2011

Debt State Statutes in California


WAGE GARNISHMENT EXEMPTION: Federal law applies.



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



STATUTE OF LIMITATIONS FOR ENFORCEMENT:



Open Account (credit card): 4 years (2 yeas if not in writing)

Written Contract: 4 years

Domestic Judgment: 10 years (can be renewed at 10 years)

Foreign Judgment: 10 years