Maryland Statute of Limitations

Every Maryland Collection Agency may collect files in Annapolis, Baltimore, Bowie, College Park, Frederick, Gaithersburg, Greenbelt, Hagerstown, Rockville, and Salisbury. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Maryland.

Recover your delinquent accounts through an Maryland Collection Agency Service. Maryland collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using Fidelity Information Corporation or OldDebts as your Maryland collection agency service can save you time and money.

With our custom-designed debt collection system, our collection agency can be more effective in recovering delinquent accounts, after more than 31 days have passed. We offer two ways to collect, which are our contingency method or our low flat fee instead of a percentage.

Following is some important information on Maryland state debt recovery laws including: Maryland Statutes, Maryland Judgments, Maryland Garnishments, Maryland Interest Rates, and Maryland Bad Check Laws.

STATE: MARYLAND

Interest Rate

• Legal: 6%
• Judgment: 10% or contractual

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 3
• Written Contract: 3
• UCC: 4
• Specialty: 12 (contract under seal)
• Domestic Judgment: 12
• Foreign Judgment: 12

BAD CHECK LAWS (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.

GENERAL GARNISHMENT EXEMPTIONS
1) The greater of (a) 75% of the disposable wages due; OR (b) 30 times the federal minimum hourly wages under the Fair Labor Standards Act in effect at the time the wages are due; AND 2) any medical insurance payment deducted from an employee's wages by the employer. Other federal exemptions may be available. Disposable wages means the part of wages that remain after deduction of any amount required to be withheld by law.