Indiana Debt Collection Laws and Statutes

Indiana Debt Collection Laws and Statutes

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

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

STATE: INDIANA

Interest Rate

  • Legal: 8%
  • Judgment: 8%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract (for payment of money before 9/1/1982): 10
  • Written Contract (for payment of money after 8/31/1982): 6
  • Written Contract (for other than payment of money before 9/1/1982): 20
  • Written Contract (for other than payment of money after 8/31/1982): 10
  • Written Contract for sale of goods: 4
  • Domestic Judgment: 10 on real estate (renewable for additional 10); 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 GARNISHMENT EXEMPTIONS

75% of disposable earnings for work week or the amount of 30 x fed. min. hourly wage, whichever is greater.

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