- Minnesota Collection Laws Interest Rate
Legal: 6%
Judgment: 5% (Changes Yearly)
Business or Agricultural Loan: 4.5% over federal discount rate - Minnesota Collection Laws Statute Of Limitations (Years)
Goods Sold & Delivered (UCC): 4
Open account: 6
Written Contract: 6
Transportation Service: 3
Domestic Judgment: 10
Foreign Judgment: 10 - Minnesota Collection Laws Bad Check Laws (NSF) (Civil Penalty)
$100 or up to 100% of the value of the check, whichever is greater, plus interest at the rate payable on judgments on the face amount of check, plus reasonable attorney fees if aggregate amount of checks within 6 month period is over $1250. - Minnesota Collection Laws General Garnishment Exemptions
Greater of 75% or amount = to 40 x Federal minimum hourly wage
This can be updated, but at the moment this are the ones that regulate on Minnesota