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Business Collection Agency
- May
- 31
Business Collection Agency
Watch a business collection agency video review by a business owner, who encountered a Fortune 500 client who wouldn't pay him. This business collection agency video illustrates some of the issues that businesses face when trying to collect from large and powerful delinquent clients, and it shows:
Nevada Debt Collection Laws
- May
- 25
Nevada Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Nevada collection agencies are also regulated by Nevada debt collection laws. Discover: Nevada collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Nevada collection agency license and bonding information.
Summary of the Nevada fair debt collection practices laws:
NEVADA INTEREST RATE
Legal: 2% Over Prime
Judgment: 2% Over Prime
NEVADA STATUTE OF LIMITATIONS |in years|
Open Accounts: 4
Written Contract: 6
Lease: 4
Domestic Judgment: 6
Foreign Judgment: 6
NEVADA BAD CHECK LAWS |NSF|
Amount due, protest fees three times check amount not more than $500, or less [...]
Nebraska Debt Collection Laws
- May
- 25
Nebraska Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Nebraska collection agencies are also regulated by Nebraska debt collection laws. Discover: Nebraska collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Nebraska collection agency license and bonding information.
Summary of the Nebraska fair debt collection practices laws:
NEBRASKA INTEREST RATE
Legal: 12% per written instrument or contract rate
Judgment: 1% above bond equivalent yield as published by U.S. Treasury
NEBRASKA STATUTE OF LIMITATIONS |in years|
Open Accounts: 4 Written Contract: 5 Domestic Judgment: 5 renewable every 5 Foreign Judgment: 5 nonrenewable
NEBRASKA BAD [...]
Minnesota Debt Collection Laws
- May
- 25
Minnesota Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Minnesota collection agencies are also regulated by Minnesota debt collection laws. Discover: Minnesota collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Minnesota collection agency license and bonding information.
Summary of the Minnesota fair debt collection practices laws:
MINNESOTA INTEREST RATE
Legal: 6%
Judgment: 5% |Changes Yearly|
Business or Agricultural Loan: 4.5% over federal discount rate
MINNESOTA STATUTE OF LIMITATIONS |in years|
Goods Sold & Delivered |UCC|: 4
Open Accounts: 6
Written Contract: 6
Transportation Service: 3
Domestic Judgment: 10
Foreign Judgment: 10
MINNESOTA BAD CHECK LAWS |NSF|
$100 or [...]
Michigan Debt Collection Laws
- May
- 25
Michigan Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Michigan collection agencies are also regulated by Michigan debt collection laws. Discover: Michigan collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Michigan collection agency license and bonding information.
Summary of the Michigan fair debt collection practices laws:
MICHIGAN INTEREST RATE
Legal: 5%
Judgment: 7.162 changes semiannually
Usury limit 25%
MICHIGAN STATUTE OF LIMITATIONS |in years|
Open Accounts: 6
Written Contract: 6
Sales |UCC| Contract: 4
Domestic Judgment: 10 renewable
Foreign Judgment: 10
BAD CHECK LAWS |NSF|
Twice the amount of check-not to exceed $500.
Retail Claims - Notice Requirements.
MICHIGAN [...]
Maryland Debt Collection Laws
- May
- 25
Maryland Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Maryland collection agencies are also regulated by Maryland debt collection laws. Discover: Maryland collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Maryland collection agency license and bonding information.
Summary of the Maryland fair debt collection practices laws:
MARYLAND INTEREST RATE
Legal: 6%
Judgment: 10% or contractual
MARYLAND STATUTE OF LIMITATIONS |in years|
Open Accounts: 3
UCC: 4
Specialty: 12 |contract under seal|
Written Contract: 3
Domestic Judgment: 12
Foreign Judgment: 12
MARYLAND BAD CHECK LAWS |NSF|
After 30 day written notice, amount due, $25 fee, twice check amount [...]
Washington Debt Collection Laws
- May
- 25
Washington Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Washington collection agencies are also regulated by Washington debt collection laws. Discover: Washington collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Washington collection agency license and bonding information.
Summary of the Washington fair debt collection practices laws:
WASHINGTON INTEREST RATE
Legal: 12%
Judgment: 12%
WASHINGTON STATUTE OF LIMITATIONS |in years|
Open Accounts: 3
Written Contract: 6
Domestic Judgment: 10
Foreign Judgment: 10
WASHINGTON BAD CHECK LAWS |NSF|
Lesser of check amount or 12% interest, collection costs up to $40. If taken to court, reasonable attorney's fees, [...]
Wyoming Debt Collection Laws
- May
- 25
Wyoming Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Wyoming collection agencies are also regulated by Wyoming debt collection laws. Discover: Wyoming collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Wyoming collection agency license and bonding information.
Summary of the Wyoming fair debt collection practices laws:
WYOMING INTEREST RATE
Legal: 7%
Judgment: contract rate or 10% judgment rate
WYOMING STATUTE OF LIMITATIONS |in years|
Open Accounts: 8
Written Contract: 10
Domestic Judgment: 5
Foreign Judgment: 5
WYOMING BAD CHECK LAWS |NSF|
Double the face amount plus damages equal to collection cost and reasonable attorney fees.
WYOMING [...]
Hawaii Debt Collection Laws
- May
- 25
Hawaii Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Hawaii collection agencies are also regulated by Hawaii debt collection laws. Discover: Hawaii collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Hawaii collection agency license and bonding information.
Summary of the Hawaii fair debt collection practices laws:
HAWAII INTEREST RATE
Legal: 10% |no written contract|
Judgment: 10% |no written contract|
HAWAII STATUTE OF LIMITATIONS |in years|
Sale of Goods: 6
Open Accounts: 6
Written Contract: 6
Domestic Judgment: 10
Foreign Judgment: 6 for regis./10 after Regis.
HAWAII BAD CHECK LAWS |NSF|
Damages equal to $100 or triple [...]
Connecticut Debt Collection Laws
- May
- 25
Connecticut Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Connecticut collection agencies are also regulated by Connecticut debt collection laws. Discover: Connecticut collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Connecticut collection agency license and bonding information.
Summary of the Connecticut fair debt collection practices laws:
CONNECTICUT INTEREST RATE
Legal: 8%
Judgment: 10%
CONNECTICUT STATUTE OF LIMITATIONS |in years|
Open Accounts: 6
Written Contract: 6
Oral Contract: 3
Domestic Judgment: 20/25
Small Claims Judgment: 10/15
Foreign Judgment: 20
CONNECTICUT BAD CHECK LAWS |NSF|
Personal liability of signatory on corporate claims unless signed in corporate capacity.
CONNECTICUT WAGE GARNISHMENT [...]