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

Thursday, December 29, 2011

Debt State Statutes in Maine

MAXIMUM INTEREST RATE: Legal: 8% Judgment: 15% (if less than $30,000; T-Bill rate if over $30,000)



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 6 years

Written Contract: 6 years (plus 20 with attestment)

Domestic Judgment: 20 years

Foreign Judgment: 20 years