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PENNSYLVANIA |
INTEREST RATE -
Legal: 6%
Judgment: 6% |
STATUTE OF LIMITATIONS (IN YEARS) -
Open Acct.: 4
Written Contract: 4
Domestic Judgment: 5 (writ of revival within 5 yrs.)
-Lien against real estate: 5 (writ of revival within 5 yrs to maintain
current lien position for another 5 yr period.
If not revived in the 5 yr period judgment continues to act as a lien
against real estate but will lose its priority position compared to
other judicial lien creditors.) -
Personal property Ex: 20 yrs.
Foreign Judgment: 4
**Six Year Limitation - Any civil action or proceeding which is
neither subject to another limitation specified in this subchapter nor
excluded from the application of a period of limitation by section 531
(relating to no limitation)
must be commenced within six years. |
BAD CHECK LAWS (CIVIL PENALTY) -
N/A |
GENERAL GARNISHMENT EXEMPTIONS -
100% of wages, certain pensions, retirement accounts
& Keogh plan under certain circumstances and $300. |
COLLECTION AGENCY BOND & LICENSE -
Not Required |