Collection laws for all states in one page

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http://www.carreonandassociates.com/...South_Carolina

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Please update the sticky to replace it with this one it covers all now lol. Thanx ^_^

http://www.carreonandassociates.com/...ectionlaws.htm

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Originally Posted by virginiacouple147

I don't see Virginia on there, will share if I come across anything

STATE: VIRGINIA
INTEREST RATE

Legal: 8%
Judgment: 9% or contract rate whichever is higher
STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 3 Last charge or payment Written Contract: 5
Domestic Judgment: 20
Foreign Judgment: 10
Sales of goods under article 2 is 4 years
BAD CHECK LAWS (CIVIL PENALTY)
Lesser of $250 or three times check amount

GENERAL GARNISHMENT EXEMPTIONS
See federal law

COLLECTION AGENCY BOND & LICENSE

Bond:$5000
License: Depends on Locality
Fee: No

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Originally Posted by need2know

no Kansas

STATE: KANSAS
INTEREST RATE

Legal: 10%
Judgment: 12%
STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 3
Written Contract: 5
Domestic Judgment: 5 renewable
Foreign Judgment: 5 renewable
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

See Federal Law
Plus other personal property, benefit exemptions, and homestead
COLLECTION AGENCY BOND & LICENSE

Bond: No
License: No
Fee: No
8)

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Originally Posted by workinninetofive

No KY

STATE: KENTUCKY
INTEREST RATE

Legal: 8%
Judgment: 12%
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

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Originally Posted by LadyButler

Except no South Carolina or South Dakota!

STATE: SOUTH CAROLINA
INTEREST RATE

Legal: 8.75%
Judgment: 12%
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

Bond: No
License: Yes - all business
Fee: No
Exemption for out-of-state collectors: License required for instate agency only.



STATE: SOUTH DAKOTA
INTEREST RATE

Legal: 12%
Judgment: 10%
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

[J_Snow]

*this thread is closed but please advise a mod if you have something to add or something needs to be changed*