Nevada Debt Collection Laws and Statutes

Nevada Debt Collection Laws and Statutes

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

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

STATE: NEVADA

Interest Rate

  • Contract rate always prevails. If no contract then Nevada statutory rate applies.
  • Pre-Judgment: Satutory rate = 2% Over Prime as determined by 3 medium reserve banks in the western states every 6 months.
  • Judgment: Same as pre-judgment

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 6
  • Lease: 6
  • Domestic Judgment: 6
  • Foreign Judgment: 6

BAD CHECK LAWS (CIVIL PENALTY)

Amount due, protest fees, three times check amount not more than $500, or less than $100.

GENERAL GARNISHMENT EXEMPTIONS

Wages no more than 25% of Disposable earnings for each week or 50 times federal minimum hourly wage (whichever is less) except for support orders.

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