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||Maine Collection Laws
The following is a summary of the Maine Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Maine Collection Laws page, and we assume no liability for its use.
Maine Collection Laws Interest Rate
Post Judgment: 15% annual (less than $30,000) T-Bill rate over $30,000
Maine Collection Laws Statute Of Limitations (Years)
Open account: 6
Written Contract: 6 + 20 (with attestment) Domestic Judgment: 20
Foreign Judgment: 20
Maine Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, court costs, service costs & collection costs
Maine Collection Laws General Garnishment Exemptions
You may garnish 25% of disposable income or 40 times the federal minimum wages per week (whichever is less) After judgment only.
Maine Collection Laws Collection Agency Bond & Licensing Rules
Bond: $25,000 to $50,000
Fee: $400 Yearly
Exemption for out-of-state collectors: Contact state authority. Licensing authority is allowing some exemptions to out-of-state agencies that collect for nonresident creditors and are not soliciting.
Rapid Recovery hopes that this information assists you in finding a Maine Collection Agency and researching Maine collection laws.