Hawaii Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Hawaii debt collectors engaged by them in the collection of debts. You need to know the Hawaii collection laws and state debt collections law.
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You can be held accountable for what your Hawaii collection attorney does or
doesn't do. You must know the Hawaii 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 Hawaii collections laws listed below
and make sure your Hawaii 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: Hawaii Statute of Limitations, Hawaii Judgments, Hawaii Garnishments,
Hawaii Interest Rates, Hawaii Bad Check Laws and Hawaii Collection Agency
Requirements.
Revised Statutes, Vol. 14, Chapter 708, Section 8105 (37-708-8105)
INTEREST RATE
Legal: 10% (no written contract)
Judgment: 10% (no written contract)
STATUTE OF LIMITATIONS (IN YEARS)
Sale of Goods: 6
Open Acct.: 6
Written Contract: 6
Domestic Judgment: 10
Foreign Judgment: 6 for regis./10 after Regis.
BAD CHECK LAWS (CIVIL PENALTY)
Damages equal to $100 or triple amount of check, not to exceed $500.
GENERAL GARNISHMENT EXEMPTIONS
95% of 1st $100, 90% of 2nd $100, 80% net wages in excess of $200 per mo. or
federal limits whichever is greater
COLLECTION AGENCY BOND & LICENSE
Bond: $25,000/$15,000 each branch
License: Registration with 'DCCA' required for consumer, not commercial,
collections
Fee:
$ 25 - Application
$ 80 - Registration
$ 50 - Compliance
$155 for 2 years
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