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.

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