Below you will find important information on Vermont state debt recovery laws including: Vermont Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: VERMONT
Interest Rate
- Legal: 12%
- Judgment: 12%
STATUTE OF LIMITATIONS (IN YEARS)
- Retail Installment Contracts: 4
- Witnessed Promissory Note: 14
- Open Account: 6
- Written Contract: 6
- Domestic Judgment: 8
- Foreign Judgment: 8
BAD CHECK LAWS (CIVIL PENALTY)
Court costs, amount of check, attorney fees, damage of $50. (Notice required).
GENERAL GARNISHMENT EXEMPTIONS
$75% of earning above minimum wage or what is necessary to live. 85% if personal, family or house held debt.