Massachusetts Collection Laws

INTEREST RATE

• Legal: 6%
• Judgment: 12%
• Contract: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct. on Contract: 6
• Contract: 6
• Sales (UCC) Contract: 4
• Domestic Judgment: 20 (presumed satisfied after 20 years)
• Foreign Judgment: 20
• Contracts Under Seal: 20

BAD CHECK LAWS (CIVIL PENALTY)

• Amount due, costs of suit, protest fees
• Additional damages $100 - $500 can be assessed.

GENERAL GARNISHMENT EXEMPTIONS $125 week

COLLECTION AGENCY BOND & LICENSE

• Bond: $10,000 - $25,000
• License: Yes
• Fee: Determined by commissioner

This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.