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

Friday, December 30, 2011

Debt State Statutes in Maryland

WAGE GARNISHMENT EXEMPTION: Greater of 75% or the amount equal to $145 times the number of weeks wages due were earned (except in Caroline, Worchester, Kent & Queen Anne's Counties where federal law applies)



MAXIMUM INTEREST RATE: Legal: 6% Judgment: 10% or contract rate



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 3 years

Written Contract: 3 years

Domestic Judgment: 12 years

Foreign Judgment: 12 years