Hampton Associates, Inc. Commercial Collection Agency  
  Phone: (877) 862-6340, Fax: (877) 862-6336

Credit Collection Information by State

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Maryland Commercial Credit & Collection Information

INTEREST RATE

  • Legal: 6% (See MD Statute Commercial Law 12-102)
  • Judgment: 10% or contractual (See MD Statutes Courts and Judicial Proceedings 11-106, 11-107)

STATUTE OF LIMITATIONS (IN YEARS)

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

BAD CHECK LAWS (CIVIL PENALTY)
Amt owed plus twice check amount up to $1000. (At the discretion of the court.)
 (see MD Statute 15-802, et al.)

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount = to $145 x no. of wks. in which wages due were earned; except in Caroline, Worchester, Kent & Queen Anne's Counties, see federal law. Exemption is up to $3,000 in cash and/or property for non-wage property exemption.

COLLECTION AGENCY BOND & LICENSE

  • Bond: $5000 (see MD Statute 7-304)
  • License: Yes 
  • Fee: $400 each office every two year (see MD Statute 7-301) s

Hampton Associates, Inc.- Your commercial collection agency solution

Hampton Associates, Inc. 2003, 2004 Site Map