California Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of California debt collectors engaged by them in the collection of debts. You need to know the California collection laws and state debt collections law.
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You can be held accountable for what your California collection attorney does or
doesn't do. You must know the California collection laws, and the information here
can reduce your liability by giving you the state debt collections law
information for making informed decisions. Please study the California collections laws listed below
and make sure your California collection lawyer abides by them to the letter.
Debt collections law vary, and knowing the right collection
law for your state and your debtor's state is essential. Here you can read up
on: California Statute of Limitations, California Judgments, California Garnishments,
California Interest Rates, California Bad Check Laws and California Collection Agency
Requirements.
California Civil Code Section 1788, et seq.
INTEREST RATE
Legal: 10%
Judgment: 10% (Unless otherwise contracted)
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: Reduced to writing-4
Open Acct.: No writing-2
Written Contract: 4
Domestic Judgment: 10 (renewable at 10)
Foreign Judgment: 10 (commencing with judgment debtor's commencement of CA.
residence.)
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, treble damages - minimum $100 maximum $1500 per check.
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Exemptions for necessaties of life.
COLLECTION AGENCY BOND & LICENSE
No license or bond required.
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a FREE California Collection Attorney quote now.