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

Monday, January 2, 2012

Debt State Statutes in Minnesota

WAGE GARNISHMENT EXEMPTION: 75% of earnings or amount equal to 40 times the federal minimum hourly wage, whichever is greater



MAXIMUM INTEREST RATE: Legal: 6% Judgment: About 5% (changes annually)



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit card): 6 years

Written Contract: 6 years

Domestic Judgment: 10 years

Foreign Judgment: 10 years