INTEREST RATE - Legal: 8% - Judgment 8%
STATUTE OF LIMITATIONS (IN YEARS) - Open Acct: 6 -
Written Contract for payment of money -(executed before 9/1/82): 10
(executed after 8/31/82): 6 - Written contract (other than payment of
money): 10 - Domestic Judgment 10 - 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 25% of triple check amount + attorney tees and
interest at 8% per annum.
GENERAL WAGE GARNISHMENT EXEMPTIONS - 75% of
disposable earnings for workweek or the amount of 30 x ted. mm. hourly
wage, whichever is greater.
COLLECTION AGENCY BOND & LICENSE - Bond: $5000
each office - License: Yes - Fee: $50 plus $5 per annum, each
unlicensed employee $15 branch office