STATE: MAINE

Interest Rate

• Legal: T-Bill rate + 3%
• Judgment: T-Bill Rate + 6% (4.36% for 2006) (4.99% for 2007)

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 6
• Sale of Goods: 4
• Written Contract: 6 + 20 (with attestment)
• Domestic Judgment: 20
• Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)

Amount due, court costs, service costs & collection costs.

GENERAL GARNISHMENT EXEMPTIONS

You may garnish 25% of disposable income or the amount by which a debtor’s income exceeds the minimum wage, whichever is less; after judgment only.