Ohio Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Ohio debt collectors engaged by them in the collection of debts. You need to know the Ohio collection laws and state debt collections law.
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You can be held accountable for what your Ohio collection attorney does
or doesn't do. You must know the Ohio 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
Ohio collections laws listed below and make sure your Ohio
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: Ohio
Statute of Limitations, Ohio Judgments, Ohio Garnishments, North
Dakota Interest Rates, Ohio Bad Check Laws and Ohio Collection
Agency Requirements.
Ohio Revised Code, Title 13, Chapter 1319
INTEREST RATE
Legal: 10%
Judgment: 10%
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Sales Contract (UCC2-725)
Written Contract: 15
Domestic Judgment: 21 renew every 5
Foreign Judgment: 21 renew every 5
BAD CHECK LAWS (CIVIL PENALTY)
The greater of $200 or three times the amount of check and attorney fees (no
maximum)
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Garnishment limited to once a month per employee.
COLLECTION AGENCY BOND & LICENSE
Bond: No
License: No
Fee: No
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