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

Tuesday, January 3, 2012

Debt State Statutes in Mississippi

WAGE GARNISHMENT EXEMPTION: Federal law applies



MAXIMUM INTEREST RATE: Legal: 8% Judgment: Contract rate or court decides



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit card): 3 years

Written Contract: 3 years

Domestic Judgment: 7 years

Foreign Judgment: 7 years (3 years if resident)