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 |
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, |
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 |
Virginia |
8 |
Judgment Contract Rate |
Vermont |
20 |
12 |
Washington |
10 |
9 |
Wisconsin |
10 |
12 |
West Virginia |
20 |
10 |
Wyoming |
5 |
12 |
Retired - Kirkland, WA
Phil Leng - Retired
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
CreditRepairVIP.com - Littleton, CO
Leading Credit Expert
Nationwide Financial Advocates - Camarillo, CA
Comments(4)