Below you will find important information on Massachusetts state debt recovery laws including: Massachusetts Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: MASSACHUSETTS
Interest Rate
- Legal: 12%
- Judgment: 12%
- Contract: 12%
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account on Contract: 6
- Contract: 6
- Sales (UCC) Contract: 4
- Specialty: Contract Under Seal: 20
- Domestic Judgment: 20 (presumed satisfied after 20 years)
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, costs of suit, protest fees. Additional damages $100 – $500 can be assesed.
GENERAL GARNISHMENT EXEMPTIONS
$125 week.