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Statute Of Limitations On Judgments

By
Mortgage and Lending with CreditRepairVIP.com Veteran Owned & Operated

State

SOL (Years)

Maximum Interest Rate (%)

Alabama

20

12

Arkansas

10

10.5

Alaska

5

10

Arizona

10

Fed + 5

California

10

10

Colorado

20

8

Connecticut

20

10

Delaware

No Limit

Legal + Fed Discount + 5

D.C.

3

70% of interest rate
or 6% if not specified

Florida

20

10

Georgia

7

12

Hawaii

10

10

Iowa

6

10.875

Idaho

20

9

Illinois

20

8

Indiana

20

10

Kansas

5

4% above Fed Discount

Kentucky

15

12

Louisiana

10

9

Maine

20

7.5

Maryland

12

15% if under 30 months,
T-bill rate if over 30 months

Massachusetts

20

10

Michigan

10

20

Minnesota

10

6.953

Mississippi

7

5% changes yearly

Missouri

10

Amount in contract

Montana

10

9

North Carolina

5

10

North Dakota

6

1% above bond equiv Yield

Nebraska

20

2% above Prime

New Hampshire

20

10

New Jersey

14

No provisions

New Mexico

20

8.75% without written contract

Nevada

10

9

New York

10

8

Ohio

21

12

Oklahoma

5

10

Oregon

10

4% over T-bill

Pennsylvania

4

9% renewable @10 yrs

Rhode Island

20

6

South Carolina

10

12

South Dakota

20

14

Tennessee

10

10

Texas

10

10

Utah

8

can be 18% w/Agreement
or 6% without

Virginia

8

Judgment Contract Rate

Vermont

20

12

Washington

10

9

Wisconsin

10

12

West Virginia

20

10

Wyoming

5

12

Posted by

Brian C. Aber
Chief Executive Officer
Credit Repair VIP logo

Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Brian,

That was interesting.

And scary!

Thanks for posting it.

Phil

Oct 16, 2010 05:24 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Wow! Scary is right! Indiana just changed deficiency laws in July and B of A is saying they have the right to proceed after accepting short sales...

Oct 18, 2010 02:32 PM
Brian C. Aber
CreditRepairVIP.com - Littleton, CO
Leading Credit Expert

Thank-you Phil and Evelyn!

Oct 19, 2010 10:44 AM
William Gluck
Nationwide Financial Advocates - Camarillo, CA

Thanks for providing us with this information Brian!!!  Very useful!

Nov 12, 2010 04:02 AM