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

Tuesday, December 20, 2011

Debt State Statutes in Georgia

WAGE GARNISHMENTS: Federal law applies



MAXIMUM INTEREST RATE: Legal: 7% Judgment: 12%

Commercial Accounts: 18%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 4 years

Written Contract: 6 years

Domestic Judgment: 7 years

Foreign Judgment: 5 years