|Rapid Recovery Locations|
Baltimore, MD 21202
Bethesda, MD 20814
Bethesda, MD 20817
||Maryland Collection Laws
The following is a summary of the Maryland 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 Maryland Collection Laws page, and we assume no liability for its use.
Maryland Collection Laws Interest Rate
Judgment: 10% or contractual
Maryland Collection Laws Statute Of Limitations (Years)
Open account: 3
Specialty: 12 (contract under seal)
Written Contract: 3
Domestic Judgment: 12
Foreign Judgment: 12
Maryland Collection Laws Bad Check Laws (NSF) (Civil Penalty)
After 30 day written notice, amount due, $25 fee, twice check amount up to $1000. (At the discretion of the court.) Applies to COD sales only.
Maryland Collection Laws General Garnishment Exemptions
Greater of 75% or amount = to $145 x no. of wks. in which wages due were earned; except in Caroline, Worchester, Kent & Queen Anne's Counties, see federal law. Exemption is up to $3,000 in cash and/or property for non-wage property exemption.
Maryland Collection Laws Collection Agency Bond & Licensing Rules
Fee: $200 each office
Rapid Recovery hopes that this information assists you in finding a Maryland Collection Agency and researching Maryland collection laws.