Statute of Limitations - Time Limit for Collecting Judgments
Courtesy of Credit Assistance Network
You can find more useful tools to help your clients with credit and debt issues at http://www.CreditAgenda.com
When a creditor wins a lawsuit against a you and is awarded a judgment by the court, there is a time limit for collecting that judgment. Many states allow judgments to be renewed one or more times, which could substantially extend the enforceability of a judgment, if the creditor is vigilant about the renewals. This can potentially result in a permanent legal obligation until it is paid.
Alabama
Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged on a judgment is: (%)12
Arkansas
Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged on a judgment is:10.5
Alaska
The Statute Of Limitations says they can collect for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10
Arizona
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Fed + 5
California
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10
Colorado
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8
Connecticut
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10
Delaware
The Statute Of Limitations says they can collect for up to: No Limit
The Maximum Interest Rate that can be charged in this state on a judgment is: Legal + Fed Discount + 5
D.C.
The Statute Of Limitations says they can collect for up to: 3 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 70% of interest rate or 6% if not specified
Florida
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Georgia
The Statute Of Limitations says they can collect for up to: 7 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
Hawaii
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Iowa
The Statute Of Limitations says they can collect for up to: 6 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10.875%
Idaho
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%
Illinois
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8%
Indiana
The Statute Of Limitations says they can collect for up to:20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Kansas
The Statute Of Limitations says they can collect for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 4% above Fed Discount
Kentucky
The Statute Of Limitations says they can collect for up to: 15 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
Louisiana
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%
Maine
The Statute Of Limitations says they can collect for up to: 20 Years (Ouch!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 7.5%
Maryland
The Statute Of Limitations says they can collect for up to: 12 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 15% if under 30 months, T-bill rate if over 30 months
Massachusetts
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Michigan
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 20%
Minnesota
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 6.953%
Mississippi
The Statute Of Limitations says they can collect judgments for up to: 7 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 5% changes yearly
Missouri
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Amount in contract
Montana
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%
North Carolina
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
North Dakota
The Statute Of Limitations says they can collect judgments for up to: 6 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 1% above bond equiv Yield
Nebraska
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 2% above Prime
New Hampshire
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
New Jersey
The Statute Of Limitations says they can collect judgments for up to: 14 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: No provisions
New Mexico
The Statute Of Limitations says they can collect judgments for up to: 20 (ohhh no!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 8.75% without written contract
Nevada
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%
New York
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8%
Ohio
The Statute Of Limitations says they can collect judgments for up to: 21 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
Oklahoma
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Oregon
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 4% over T-bill
Pennsylvania
The Statute Of Limitations says they can collect judgments for up to: 4 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9% renewable @10 yrs
Rhode Island
The Statute Of Limitations says they can collect judgments for up to: 20 Years (eeek!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 6%
South Carolina
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
South Dakota
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 14%
Tennessee
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Texas
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Utah
The Statute Of Limitations says they can collect judgments for up to: 8 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: can be 18% w/Agreement - or 6% without
Virginia
The Statute Of Limitations says they can collect judgments for up to: 8 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Judgement Contract Rate
Vermont
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
Washington
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%
Wisconsin
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%
West Virginia
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%
Wyoming
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12
Hope the info was helpful. This list was updated 5-27-10. If you know of any changes please chime in and let the forum know.
If you need help removing a judgment from your credit report, please visit http://www.CreditAgenda.com.
Comments(0)