Rhode Island Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Rhode Island debt collectors engaged by them in the collection of debts. You need to know the Rhode Island collection laws and state debt collections law.
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You can be held accountable for what your Rhode Island collection attorney does
or doesn't do. You must know the Rhode Island 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
Rhode Island collections laws listed below and make sure your Rhode Island
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: Rhode Island
Statute of Limitations, Rhode Island Judgments, Rhode Island Garnishments, North
Dakota Interest Rates, Rhode Island Bad Check Laws and Rhode Island Collection
Agency Requirements.
INTEREST RATE
Legal: 12%
Judgment: 12%
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 10
Written Contract: 10
Domestic Judgment: 20
Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Amount of check, $25 fee & treble damage up to $1000
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
Bond: No
License: No
Fee: No
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