MISSISSIPPI INTEREST RATE - Legal: 8% - Judgment amount in contract if no contract amount court decides STATUTE OF LIMITATIONS (IN YEARS) - Open Acct: 3 - Written Contract 3 UCC: 6 - Domestic Judgment 7 - Foreign Judgment 7(3 if resident) BAD CHECK LAWS (CIVIL PENALTY) - On checks $100 or more - not more than $1000 fee + court may impose fee of no more than 85% of the check value. Criminal penalties & restitution apply. GENERAL GARNISHMENT EXEMPTIONS - See federal law. COLLECTION AGENCY BOND & LICENSE - Bond: No - License: City - Business - Fee:$15-$50