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Massachusetts Debt Collection Laws
- May
- 25
Massachusetts Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Massachusetts collection agencies are also regulated by Massachusetts debt collection laws. Discover: Massachusetts collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Massachusetts collection agency license and bonding information.
Summary of the Massachusetts fair debt collection practices laws:
MASSACHUSETTS INTEREST RATE
Legal: 6%
Judgment: 12%
Contract: 12%
MASSACHUSETTS STATUTE OF LIMITATIONS |in years|
Open Accounts on Contract: 6
Contract: 6
Sales |UCC| Contract: 4
Domestic Judgment: 20 |presumed satisfied after 20 years|
Foreign Judgment: 20
Contracts Under Seal: 20
MASSACHUSETTS BAD CHECK LAWS |NSF|
Amount due, costs of suit, protest [...]
