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

Monday, December 19, 2011

Debt State Statutes in Florida

WAGE GARNISHMENT EXEMPTION: Federal law applies [if head of household, 100% of wages are exempt)



MAXIMUM INTEREST RATE: Legal: 10% Judgment: 10% or or contract rate (but not more than 18%)



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 4 years

Written Contract: 5 years

Domestic Judgment: 7 years (renewable)

Foreign Judgment: 5 years