Utah Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Utah debt collectors engaged by them in the collection of debts. You need to know the Utah collection laws and state debt collections law.
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You can be held accountable for what your Utah collection attorney does
or doesn't do. You must know the Utah 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
Utah collections laws listed below and make sure your Utah
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: Utah
Statute of Limitations, Utah Judgments, Utah Garnishments, North
Dakota Interest Rates, Utah Bad Check Laws and Utah Collection
Agency Requirements.
Utah Annotated Code, Title 12, Chapter 1
INTEREST RATE
Legal: 7.35%
Judgment: Contract rate or Federal Judgment Rate
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Written Contract: 6
Domestic Judgment: 8
Foreign Judgment: 8
BAD CHECK LAWS (CIVIL PENALTY)
Certified statutory bad check notice must be sent. Amount due, interest, court
costs, reasonable attorney's fees, plus $15 bad check fee.
GENERAL GARNISHMENT EXEMPTIONS
$142.50 of disposable earnings for wages paid weekly.
COLLECTION AGENCY BOND & LICENSE
Bond: $10,000
License: Yes
Fee: Varies by City and County.
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