Maine Credit Laws

Open Acct: 6 - Written Contract 6 + 20 (with attestment) - Domestic Judgment 20 - Foreign Judgment 20

Amount due, court costs, service costs & collection costs

You may garnish 25% ofdisposable income or 40 times the federal mininum wages per week (whichever is less).

The homestead exemption limit in Maine is $35,000. If the debtor is 60 or over or mentally or physically disabled, then the exemption limit is $70,000.

ADDING FEES

It shall constitute an unfair or unconscionable act for a debt collector or collection agency to collect any amount, including any interest, fee, charge or expense incidental to the principal obligation, unless the amount is expressly authorized by the agreement creating the debt or permitted by law.