Kentucky Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Kentucky debt collectors engaged by them in the collection of debts. You need to know the Kentucky collection laws and state debt collections law.
 |
||
 |
||
 |
||
 |
You can be held accountable for what your Kentucky collection attorney does or
doesn't do. You must know the Kentucky 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 Kentucky collections laws listed below
and make sure your Kentucky 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: Kentucky Statute of Limitations, Kentucky Judgments, Kentucky Garnishments,
Kentucky Interest Rates, Kentucky Bad Check Laws and Kentucky Collection Agency
Requirements.
INTEREST RATE
Legal: 8%
Judgment: 12%
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 5
Written Contract: 15
Oral Contract: 5
Domestic Judgment: 15
Foreign Judgment: 15
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
75% of disposable income or 30 times the federal minimum hourly wage (whichever
is greater)
COLLECTION AGENCY BOND & LICENSE
Bond: No
License: No
Fee: No
Get
a FREE Kentucky Collection Attorney quote now.