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.
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