Connecticut Debt Collection Laws and Statutes
AccountsReceivable.com handles debt collections throughout the entire state of Connecticut.
Below you will find important information on Connecticut state debt recovery laws including: Connecticut Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: CONNECTICUT
Interest Rate
- Legal: 8%
- Judgment: 10% (Unless otherwise contracted)
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 6
- Written Contract: 6
- Oral Contract: 3
- Sale of Goods (UCC): 4
- Domestic Judgment: 20/25
- Small Claims (less than > $3500) Judgment: 10/15
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Personal liability of signatory on corporate claims unless signed in corporate capacity. Liability of drawer, if no account, damages equal to lesser of $750 or face amount of check. For insufficient of funds, lesser of $400 or face amount of check.
GENERAL GARNISHMENT EXEMPTIONS
25% you may garnish disposable earnings each week, or 40 x fed. min hourly wage, which ever is less.
