Tennessee Debt Collection Laws and Statutes

Tennessee Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Tennessee.

Below you will find important information on Tennessee state debt recovery laws including: Tennessee Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: TENNESSEE

Interest Rate

  • Legal: 10%
  • Judgment: 10% (or contract rate, whichever is greater)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 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, attorney fees.

GENERAL GARNISHMENT EXEMPTIONS

See federal law. Add $2.50 per week for dependent child under 16.

South Dakota Debt Collection Laws and Statutes

South Dakota Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of South Dakota.

Below you will find important information on South Dakota state debt recovery laws including: South Dakota Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: SOUTH DAKOTA

Interest Rate

  • Legal: 12%
  • Judgment: 10

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 6
  • Sales of Goods: 4
  • Domestic Judgment: 10, renewable for 10
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

20% of the individuals disposable earnings for a continuing lien.

South Carolina Debt Collection Laws and Statutes

South Carolina Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of South Carolina.

Below you will find important information on South Carolina state debt recovery laws including: South Carolina Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: SOUTH CAROLINA

Interest Rate

  • Legal: 8.75%
  • Judgment: 12.25% (Rate changes every year on January 15th. Wall Street Journal Prime plus 4%)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Sale of Goods (UCC): 6
  • Written Contract: 3
  • Domestic Judgment: 10
  • Foreign Judgment: 10
  • Written Contract under Seal: 20

BAD CHECK LAWS (CIVIL PENALTY)

Reasonable court costs, amount of check & damages up to $500 or 3 x check amount, whichever is greater.

GENERAL GARNISHMENT EXEMPTIONS

100% – Garnishment not available in SC.

Rhode Island Debt Collection Laws and Statutes

Rhode Island Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Rhode Island.

Below you will find important information on Rhode Island state debt recovery laws including: Rhode Island Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: RHODE ISLAND

Interest Rate

  • Legal: 12%
  • Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 10
  • Written Contract: 10
  • Domestic Judgment: 20
  • Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)

Amount of check, $25 fee & treble damages up to $1000

GENERAL GARNISHMENT EXEMPTIONS

See federal law.

Pennsylvania Debt Collection Laws and Statutes

Pennsylvania Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Pennsylvania.

Below you will find important information on Pennsylvania state debt recovery laws including: Pennsylvania Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: PENNSYLVANIA

Interest Rate

  • Legal: 6%
  • Judgment: 6%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 4
  • Domestic Judgment: 5 (writ of revival within 5 years)
  • Lien against real estate: 5 years
  • Personal property Ex: 20 years
  • Foreign Judgment: 4

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

100% of wages, certain pensions, retirement accounts & Keogh plan under certain circumstances, and $300.

Oregon Debt Collection Laws and Statutes

Oregon Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Oregon.

Below you will find important information on Oregon state debt recovery laws including: Oregon Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: OREGON

Interest Rate

  • Statutory + Judgment: 9% simple interest per annum (unless specified by contract)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 6
  • Sale of Goods: 6 (4 years UCC Transaction)
  • Domestic Judgment: 10 renewable at 10
  • Foreign Judgment: 10

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.

Oklahoma Debt Collection Laws and Statutes

Oklahoma Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Oklahoma.

Below you will find important information on Oklahoma state debt recovery laws including: Oklahoma Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: OKLAHOMA

Interest Rate

  • Legal: 6%
  • Judgment: 10.25% for 2007 (Rate changes on January 1st of each year and is two percentage points above the prime interest rate quoted in the Wall Street Jornal on the first business day of the year).

STATUTE OF LIMITATIONS (IN YEARS)

  • Sale of Goods Governed by UCC: 5
  • Open Account: 3
  • Written Contract: 5
  • Domestic Judgment: 5 renewable
  • Foreign Judgment: 5 renewable

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

State law: 75% of earnings exempted, more if hardship established. All federal exemptions apply.

Ohio Debt Collection Laws and Statutes

Ohio Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Ohio.

Below you will find important information on Ohio state debt recovery laws including: Ohio Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: OHIO

Interest Rate

  • Legal: 10%
  • Judgment: 10%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 15
  • Sales Contract: (UCC2-725)
  • 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. Effective 03/30/99 Ohio allows continuing garnishments.

North Dakota Debt Collection Laws and Statutes

North Dakota Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of North Dakota.

Below you will find important information on North Dakota state debt recovery laws including: North Dakota Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: NORTH DAKOTA

Interest Rate

  • Legal: 6%
  • Judgment: 11.5%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 6
  • Sale of Goods: 4
  • Domestic Judgment: 10 renewable
  • Foreign Judgment: 10 renewable

BAD CHECK LAWS (CIVIL PENALTY)

Amount due, collection fees of $25, and civil penalty by civil action for lesser of $200 or 3x check. Effective 08/01/01.

GENERAL GARNISHMENT EXEMPTIONS

Greater of 75% or amount each week = to 40 x fed. min. hourly wage plus $20.00 each household dependent.

North Carolina Debt Collection Laws and Statutes

North Carolina Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of North Carolina.

Below you will find important information on North Carolina state debt recovery laws including: North Carolina Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: NORTH CAROLINA

Interest Rate

  • Legal: 8%
  • Judgment: 8%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Written Contract: 3
  • Sale of Goods: 4
  • Domestic Judgment: 10
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

30 day written demand lesser of $500 or 3 x 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.