MetroGroup

MINNESOTA

Interest Rate
Legal: 6%
Judgment: 5% (changes yearly)
Business or Agricultural Loan: 4.5% over federal discount rate

Statute of Limitation (in Years)
Goods Sold & Delivered (UCC): 4
Open Account: 6
Written Contract: 6
Transportation Service: 3
Domestic Judgment: 10
Foreign Judgment: 10

Bad Check Laws (Civil Penalty)
Amount of check, the service charge of up to $20 or actual costs of collection not to exceed $30, plus a civil penalty of up to $100 or the value of the check, whichever is greater.

STATE LINKS

State Home Page
Secretary of State
Attorney General
Law Library
Judicial System
Federal Courts
State Courts
State Statutes
State Cases
State Legislature

The summary of debt collection laws and other information contained herein is provided for informational purposes only and is not intended as legal advice. Please be aware that state debt collection laws are frequently revised. Users of this site are advised to consult with independent legal counsel to verify any information contained herein. Links to information on sites other than those operated by the collection agency MetroGroup are for your convenience only and do not constitute an endorsement or recommendation of those sites. The collection agency MetroGroup does not take any responsibility for information at those sites, nor does the collection agency MetroGroup make any representation or warranty whatsoever with respect to those sites or their information.