Louisiana Debt Collection Laws and Statutes

Louisiana Debt Collection Laws and Statutes

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

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

STATE: LOUISIANA

Interest Rate

  • Legal: 9.5% from 01/01/02007
  • Judgment: 9.5% from 01/01/02007

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Written Contract: 10
  • Promisoory notes: 5
  • Domestic Judgment: 10
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

After 30 day written demand (certified or registered), twice check amount, plus attorney fees & court costs.

GENERAL GARNISHMENT EXEMPTIONS

75% disposable earnings per work week, but not less than 30 x fed. min. hourly wage.

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