MASSACHUSETTS  INTEREST RATE - Legal: 6% - Judgment 12% - Contract 12% STATUTE OF LIMITATIONS (IN YEARS) - Open Acct on Contract 6 - Contract 6 - Sales (UCC) Contract 4 - Domestic Judgment 20 (presumed satisfied after 20 years) - Foreign Judgment 20 - Contract Under Seal: 20 BAD CHECK LAWS (CIVIL PENALTY) - Amount due, costs of suit, protest fees Additional damages $100 - $500 can be assessed. GENERAL GARNISHMENT EXEMPTIONS - $l25 a week COLLECTION AGENCY BOND & LICENSE - Bond: $10,000 -$25,000 - License: Yes - Fee: Determined by commissioner