Connecticut Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Connecticut debt collectors engaged by them in the collection of debts. You need to know the Connecticut collection laws and state debt collections law.
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You can be held accountable for what your Connecticut collection attorney does or
doesn't do. You must know the Connecticut 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 Connecticut collections laws listed below
and make sure your Connecticut 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: Connecticut Statute of Limitations, Connecticut Judgments, Connecticut Garnishments,
Connecticut Interest Rates, Connecticut Bad Check Laws and Connecticut Collection Agency
Requirements.
INTEREST RATE
Legal: 8%
Judgment: 10%
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 6
Written Contract: 6
Oral Contract: 3
Domestic Judgment: 20/25
Small Claims Judgment: 10/15
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Personal liability of signatory on corporate claims unless signed in corporate
capacity.
GENERAL GARNISHMENT EXEMPTIONS
25% you may garnish disposable earnings each week, or 40 x fed. min. hourly
wage, which ever is less.
COLLECTION AGENCY BOND & LICENSE
Bond:$5000
License: Yes
Fee:
$200 Yearly
$50 Investigation
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