SOL>STATUTE OF LIMITATIONS
Statute of Limitations- Debts, Judgments
and Taxes- All States
This page lists the actual statutes of
limitations. If you haven't already done so, you
should read our complete article on the SOL: The information
provided below is on a state by state basis and includes information
such as statute of limitations determinations (judgments v.
open accounts) as well as state garnishment information, bad
check laws, collection agency requirements and judgment SOL's.
This list has been updated as of Nov 2007 however, statutes
can change or be revised over time so be sure to check your
state and the creditors state for current laws. Use this legal
tool to go directly to your state's statutes. Go>.
Remember, to learn more about your state
codes- visit our legal area
and click on your state.
You can compare SOL's from this page and
our "second
opinion" SOL page.
What state should I use in figuring out
the Statute of Limitations? The SOL can be either where
the debtor resides or where the contract was signed. It has
nothing to do with where the creditor is now.
What allows a creditor to use either
state? Section 811 of the FDCPA. What about the SOL for
Judgments? The statute for judgments is the state the judgment
was entered. SOL's can be amended and change over time so
to be sure your SOL below is correct, check out our civil
codes for your state.
† - community property states |
STATE: ALABAMA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Written Contract: 6
-
Domestic Judgment: 20
-
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Greater of $10 or Actual Bank Charges
GENERAL GARNISHMENT EXEMPTIONS
75% of wages are exempt from garnishment
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: ALASKA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Sale of Goods: 4
-
Written Contract: 6
-
Domestic Judgment: 10
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Damages in amount equal to $100 or triple the amount of the
check whichever is greater. But no more than $1000 over the
amount of the check.
GENERAL GARNISHMENT EXEMPTIONS
75% of employee's weekly net income or $402.50 whichever is
more.
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5000 License: Yes
-
Fee:
-
$100 - Application
-
$200 - Agency Biennially
[TOP]
STATE: ARIZONA †
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Twice the amount of check, costs of suit, reasonable attorney
fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: ARKANSAS
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Written Contract: 5 (partial payment
stops the statute from running)
-
Sale of Goods: (UCC-2) - 4
-
Domestic Judgment: 10 - Renewable
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Twice amount of check - prior to double charge - can start
out with $15 charge per NSF check after 30 days.
GENERAL GARNISHMENT EXEMPTIONS
$500 head of family; $200 single. Includes personal property
except clothing.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: CALIFORNIA †
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: Reduced to writing-4
-
Open Acct.: No writing-2
-
Written Contract: 4
-
Domestic Judgment: 10 (renewable at
10)
-
Foreign Judgment: 10 (commencing with
judgment debtor's commencement of CA. residence.)
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, Treble damages - minimum $100 maximum $1500 per
check
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Exemptions for necessaries of life.
COLLECTION AGENCY BOND & LICENSE
No license or bond required.
[TOP]
STATE: COLORADO
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Written Contract: 6 (signed promissory
note)
-
Written Contract Goods Services: 3
-
Domestic Judgment
-
Foreign Judgment: 6 in CO.
BAD CHECK LAWS (CIVIL PENALTY)
Treble Damages & Reasonable Fees
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: $12,000 - 20,000
-
License: Yes
-
Fee: Determined by collection agency
board
-
Exemption for out-of-state collectors:
Out of state collectors are exempt if [1] collecting only
by interstate means (phone, fax, mail); [2] have no Colorado
client; and [3] are regulated an\d licensed in the state
in which they reside.
[TOP]
STATE: CONNECTICUT
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Personal liability of signatory on corporate claims unless
signed in corporate capacity.
GENERAL GARNISHMENT EXEMPTIONS
25% you may garnish disposable earnings each week, or 40 x
fed. min. hourly wage, whichever is less.
COLLECTION AGENCY BOND & LICENSE
-
Bond:$5000
-
License: Yes
-
Fee:
-
$200 Yearly
-
$50 Investigation
[TOP]
STATE: DELAWARE
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, cost of suit, protest fees
GENERAL GARNISHMENT EXEMPTIONS
85% of disposable earnings or disposable earnings minus $150
weekly according to schedule.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: Merc. License
-
Fee: $50 Yearly
[TOP]
DISTRICT OF COLUMBIA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Amount Due - Protest Fees
GENERAL GARNISHMENT EXEMPTIONS
See federal law. D.C. Government employees are not attachable.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: FLORIDA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day demand-treble amount in addition to amount owed,
bank & court costs & reasonable attorney fees.
GENERAL GARNISHMENT EXEMPTIONS
-
See federal law except 100% head of
household.
-
Liberal Homestead Exemption - 1st $1,000
of automobile
COLLECTION AGENCY BOND & LICENSE
-
Bond: Yes - $50,000 (Commercial)
-
License: Yes
-
Fee: Yes
-
$200 - Registration
-
$50 - Investigation
-
$200 - Renewal
-
Exemption for out-of-state collectors:
Registration is required for out-of-state collectors if
[1] soliciting accounts; [2] if client (creditor, its
affiliate or subsidiary) has an office in Florida.
[TOP]
STATE: GEORGIA
INTEREST RATE
-
Legal: 7%
-
Judgment: 12%
-
Commercial Accounts: 18%
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 4
-
Written Contract: 6
-
Domestic Judgment: 7
-
Foreign Judgment: 5
BAD CHECK LAWS (CIVIL PENALTY)
After 10 day written demand double damages up to $500 and
service charge of $20 or 5%, whichever is greater,
GENERAL GARNISHMENT EXEMPTIONS
See federal law. City, County & State employees may be
garnished.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: HAWAII
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Damages equal to $1 00 or triple amount of check, not to exceed
$500.
GENERAL GARNISHMENT EXEMPTIONS
95% of 1st $100, 90% of 2nd $100, 80% net wages in excess
of $200 per mo. or federal limits whichever is greater
COLLECTION AGENCY BOND & LICENSE
-
Bond: $25,000/$15,000 each branch
-
License: Registration with 'DCCA' required
for consumer, not commercial, collections
-
Fee:
-
$ 25 - Application
-
$ 80 - Registration
-
$ 50 - Compliance
-
$155 for 2 years
[TOP]
STATE: IDAHO †
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Triple amount of check up to $500 over the check amount
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5,000 initial
-
License: Yes
-
Fee: $100 -permit fee $50 - renewal
-
Exemption for out-of-state collectors:
Out-of-state collectors may qualify for a special license
if [1] only collecting for client; and [2] are licensed
and bonded by any state.
[TOP]
STATE: ILLINOIS
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY) Triple check
amount up to $500, attorney fees & court costs.
GENERAL GARNISHMENT EXEMPTIONS
15% of gross wages or disposable earnings for workweek up
to 45 x fed. min. hourly wage, whichever is greater.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: INDIANA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Written Contract for payment of money
-
Written Contract (other than payment
of money): 10
-
Written Contract for sale of goods:
4
-
Domestic Judgment:
-
10 on real estate
-
20 against the person
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Triple check amount up to $500 over check amount, + attorney
fees & interest up to 18% per annum or triple check amount
+ attorney fees and interest at 8% per annum.
GENERAL WAGE GARNISHMENT EXEMPTIONS
75% of disposable earnings for work week or the amount of
30 x fed. min. hourly wage, whichever is greater.
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5000 each office
-
License: Yes
-
Fee:
-
Exemption for out-of-state collectors:
Out-of-state collectors are exempt from licensing if [1]
collecting for a non-resident creditor; and [2] collection
activities limited to interstate communications (phone,
fax, mail).
[TOP]
STATE: IOWA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Triple check up to $500 over check amount
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: KANSAS
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Three times check amount not exceeding the check amount by
$500 or $100 whichever is greater plus attorney fees
GENERAL GARNISHMENT EXEMPTIONS
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: KENTUCKY
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 5
-
Written Contract: 15
-
Oral Contract: 5
-
Domestic Judgment: 15
-
Foreign Judgment: 15
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
75% of disposable income or 30 times the federal minimum hourly
wage (whichever is greater)
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: LOUISIANA †
INTEREST RATE
-
Legal: 9.75%
-
Judgment: 9.75%
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Written Contract: 10
-
Promissory Notes: 5
-
Domestic Judgment: 10
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written demand (certified or registered), twice
check amount. Attorney fees & court costs
GENERAL GARNISHMENT EXEMPTIONS
75% disposable earnings per work week, but not less than 30
x fed. min. hourly wage.
COLLECTION AGENCY BOND & LICENSE
-
Bond: Yes - $10,000
-
License: Yes
-
Fee:
-
$200 Initial
-
$200 Investigation
-
$200 Renewal
-
$100 Branch
-
$100 Branch Renewal
[TOP]
STATE: MAINE
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, court costs, service costs & collection costs
GENERAL GARNISHMENT EXEMPTIONS
You may garnish 25% of disposable income or 40 times the federal
minimum wages per week (whichever is less) After judgment
only.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: MARYLAND
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written notice, amount due, $25 fee, twice check
amount up to $1000. (At the discretion of the court.) Applies
to COD sales only.
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
-
License: Yes
-
Fee: $200 each office
[TOP]
STATE: MASSACHUSETTS
INTEREST RATE
-
Legal: 6%
-
Judgment: 12%
-
Contract: 12%
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
-
Amount due, costs of suit, protest fees
-
Additional damages $100 - $500 can be
assessed.
GENERAL GARNISHMENT EXEMPTIONS $125 week
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: MICHIGAN
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
GENERAL GARNISHMENT EXEMPTIONS See federal
law.
COLLECTION AGENCY BOND & LICENSE (RETAIL
ONLY)
[TOP]
STATE: MINNESOTA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
$100 or up to 100% of the value of the check, whichever is
greater, plus interest at the rate payable on judgments on
the face amount of check, plus reasonable attorney fees if
aggregate amount of checks within 6 month period is over $1250.
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount = to 40 x fed. min. hourly wage
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5,000 to $20,000
-
License: Yes
-
Fee:
-
$1,000 - Initial
-
$400 - Annual
-
$10 - Per Collector
[TOP]
STATE: MISSISSIPPI
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
On checks up to and including $25.00, additional damages would
be 100% of check amount. On checks from $25.01 to $200.00,
additional damages would be 50% of check amount but not less
than $25.00. On checks over $200.00 additional damages would
be 25% of check amount.
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: City-Business
-
Fee: $15-$50
[TOP]
STATE: MISSOURI
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Sale of Goods: 4
-
Open Acct.: 5
-
Written Contract: 10
-
Money & Property:
BAD CHECK LAWS (CIVIL PENALTY)
Three times face amount owed or $100 whichever is greater
not to exceed $500 (exclusive of attorney fees)
GENERAL GARNISHMENT EXEMPTIONS
See federal law; exempt 90% of week's net pay, head of household,
single person w/o depend. = 75%
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: MONTANA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
$100 minimum or 3 times face value up to $500
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
Caveats:
Foreign corporations should register with MT Sec. of State
prior to any suit in MT Courts or risk dismissal.
Attorney fees only if provided by a signed written agreement.
[TOP]
STATE: NEBRASKA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS) Open Acct.:
4 Written Contract: 5 Domestic Judgment: 5 renewable every
5 Foreign Judgment: 5 non-renewable
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, costs, protest fees
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% disposable earnings (85% if head of household),
or 30 x fed. minimum hourly wage.
COLLECTION AGENCY BOND & LICENSE
-
Bond: Based on Lic. Solic. Less Than
5 = 5,000, 5-15=$10,000, 16-Up=$15,000
-
License: Yes
-
Fee: (not to exceed)
-
Exemption for out-of-state collectors:
Out-of-state collectors are exempt if [1] communicating
by interstate means (phone, fax, mail); and [2] are "regulated"
by the laws of another state.
[TOP]
STATE: NEVADA †
INTEREST RATE
-
Legal: 2% Over Prime
-
Judgment: 2% Over Prime
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 4
-
Written Contract: 6
-
Lease: 4
-
Domestic Judgment: 6
-
Foreign Judgment: 6
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, protest fees three times check amount not more
than $500, or less than $100
GENERAL GARNISHMENT EXEMPTIONS
Garnish only. 25% of Disposable earnings for each week or
30 times federal minimum hourly wage (whichever is less)
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: NEW HAMPSHIRE
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
For Goods: 4
-
Written Contract: 3
-
For Goods: 4
-
Domestic Judgment: 20
-
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, interest, court costs, reasonable costs of collection
& $10 per day (max. $50)
GENERAL GARNISHMENT EXEMPTIONS
50 x fed. min. hourly wage - All future wages are exempt so
that the court cannot issue an ongoing order.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: NEW JERSEY
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Sale of Goods: 4
-
Written Contract: 6
-
Domestic Judgment: 20
-
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
$142.50 wk. min. 10% of gross earnings $142.50 & Over
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5000 Surety
-
License: No
-
Fee: No
[TOP]
STATE: NEW MEXICO †
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 4
-
Written Contract: 6
-
Domestic Judgment: 14
-
Foreign Judgment: 14
BAD CHECK LAWS (CIVIL PENALTY)
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount each wk. = to 40 x fed. min. hourly
wage
COLLECTION AGENCY BOND & LICENSE
-
Bond: $5,000 minimum - based on volume
-
License: Yes
-
Fee:
-
$500 - original collection agency
or branch
-
$300 - renewal collection agency
or branch
-
$100 - examination fee for manager's
license
-
$50 - manager renewal
-
Exemption for out-of-state collectors:
Out-of-state agency is exempt if [1] collecting by interstate
means (phone, fax, mail); and [2] debt was incurred outside
the state of New Mexico.
[TOP]
STATE: NEW YORK
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Face value of check plus two times check amount up to a maximum
of $400 on NSF or $750 on "no account" (Demand prescribed
by law). GEN.OB.1.1-104
GENERAL GARNISHMENT EXEMPTIONS
90% of earnings, except 1st $127.50 wk. wholly exempt.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: NORTH CAROLINA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Sale of Goods: 4
-
Written Contract: 3
-
Domestic Judgment: 10
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
30 day written demand lesser of $500 or 3x check amount, but
not less than $100.
GENERAL GARNISHMENT EXEMPTIONS
100% of last 60 days' earnings for family support. Garnishment
only by political subdivisions for taxes, ambulance fees,
etc.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: NORTH DAKOTA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct. for services: 6
-
Sale of Goods: 4
-
Written Contract: 6
-
Domestic Judgment: 10 renewable
-
Foreign Judgment: 10 renewable
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, collection fees of $20, and $100 or 3x check whichever
is less.
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount each wk. = to 40 x fed. min. hourly
wage. Plus $20.00 each household dependent.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: OHIO
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Sales Contract (UCC2-725)
-
Written Contract: 15
-
Domestic Judgment: 21 renew every 5
-
Foreign Judgment: 21 renew every 5
BAD CHECK LAWS (CIVIL PENALTY)
The greater of $200 or three times the amount of check and
attorney fees (no maximum)
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Garnishment limited to once a month per employee.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: OKLAHOMA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
State law: 75% of earnings exempted, more if hardship established.
All federal exemptions apply.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: OREGON
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
Can recover reasonable attorney fees & statutory damages
of three times the amount of the NSF check plus$500 if demand
letter is sent to debtor 30 days before suit is filed.
GENERAL GARNISHMENT EXEMPTIONS
75% of disposable earnings or 40 x fed. min. hourly wage.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: Registration only
-
Fee: Established by director
-
Exemption for out-of-state collectors:
Contact state authorities. Out-of-state agencies may be
exempt if [1] collecting for out-of-state client; [2]
the debt was incurred by an Oregonian outside the state;
and [3] the state where the collection agency is headquartered
has a registration program comparable to Oregon's law.
[TOP]
STATE: PENNSYLVANIA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
After demand and judgment triple damages in amount equal to
$1 00 or 3 times the check amount whichever is greater up
to $500.
GENERAL GARNISHMENT EXEMPTIONS
100%of wages, certain pensions, retirement accounts &
Keogh plan under certain circumstances, and $300.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: RHODE ISLAND
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 10
-
Written Contract: 10
-
Domestic Judgment: 20
-
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Amount of check, $25 fee & treble damage up to $1000
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: SOUTH CAROLINA
INTEREST RATE
-
Legal: 8.75%
-
Judgment: 14%
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 3
-
Written Contract: 3
-
Domestic Judgment: 10
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Reasonable court costs amount of check& damages up to
$500 or 3x check amount whichever is smaller
GENERAL GARNISHMENT EXEMPTIONS
100%
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: SOUTH DAKOTA
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Sale of Goods: 4
-
Written Contract: 6
-
Domestic Judgment: 20
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
20% of the individuals disposable earnings for a 60 day period
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
[TOP]
STATE: TENNESSEE
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Written Contract: 6
-
Domestic Judgment: 10
-
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Treble damages up to $500 + 10% interest & reasonable
service charges, atty's fees, & court costs.
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Add $2.50 per wk. for dependent child under
16.
COLLECTION AGENCY BOND & LICENSE
[TOP]
STATE: TEXAS †
INTEREST RATE*
STATUTE OF LIMITATIONS (IN YEARS)
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
100% of Wages
COLLECTION AGENCY BOND & LICENSE
-
Bond: Yes
-
License: No
-
Fee: No
Always consult counsel to charge interest
- Texas has very onerous usury laws & penalties.
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STATE: UTAH
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 4
-
Written Contract: 6
-
Domestic Judgment: 8
-
Foreign Judgment: 8
BAD CHECK LAWS (CIVIL PENALTY)
Certified statutory bad check notice must be sent. Amount
due, interest, court costs, reasonable attorney's fees, plus
$15 bad check fee.
GENERAL GARNISHMENT EXEMPTIONS
$142.50 of disposable earnings for wages paid weekly.
COLLECTION AGENCY BOND & LICENSE
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STATE: VERMONT
INTEREST RATE
STATUTE OF LIMITATIONS (IN YEARS)
-
Open Acct.: 6
-
Written Contract: 6
-
Domestic Judgment: 8
-
Foreign Judgment: 8
BAD CHECK LAWS (CIVIL PENALTY)
Court costs, amount of check, attorney's fees, damage of $50.
(Notices required)
GENERAL GARNISHMENT EXEMPTIONS
75% of earning above minimum wage or what is necessary to
live.
COLLECTION AGENCY BOND & LICENSE
-
Bond: No
-
License: No
-
Fee: No
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