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LOCATIONSTATUTE OF LIMITATIONSSTATE INTEREST RATEBAD CHECK LAWSGENERAL GARNISHMENT EXEMPTIONUNITED STATESOpen Accounts YearsContracts in Writing YearsDomestic JudgmentsForeign JudgmentsLegal RateJudgment RateCivil PenaltyALABAMA3620206%12%Greater of $10 or actual bank charges75% of wages are exempt from garnishment.ALASKA6610106.25%6.25% or contractualDamages in amount equal to $100 or triple the amount of the check whichever is greater (but no more than $1,000 over the amount of the check.$1,750 per month for earning exemption. May be increased to $2,750 per month if qualified for head of household (no one else in household earning any money).ARIZONA365410%10% or contractualTwice the amount of check. costs of suit. reasonable attorney fees.See federal law.

Rest of the states are found on the reference link

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13y ago
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12y ago

The statute of limitations on an oral contract is 2 years in California. The statute of limitations on a written contract is 4 years in California. Both of these time limits start to "run" thirty days after the date of the breach or last payment.

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Q: Statute of Limitations on business debts?
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What is the statute of limitations on bad credits?

The statute of limitations for debts reported on your credit report is 7 1/2 years.


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Statute of limitations are typically applied to crimes, debts and the ability to bring a law suit. Adultery is not a crime, though considered morally reprehensible. There is no statute of limitations.


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No you cannot. By definition, a statute of limitations puts an end to the ability to prosecute. They are also applied to the collection of debts.


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Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.


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Credit Cards are classified as Open Lines of Credit in Michigan. The statute of limitations is 6 years. That is measured from the last acknowledgment of the debt by the estate.


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Each state has a Statute of Limitations that specifies time limit on debts.


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These are going to be written agreements. As that, it is 4 years in California.