Colorado Collection Agency Laws

Colorado Collection Agency Laws that regulate debt collection.

The Creditors Guide To Colorado Collection Laws

Following is a some important information on ColoradoCollection Laws including: Colorado Statutes, Colorado Judgments, Colorado Garnishments, Colorado Interest Rates, Colorado Bad Check Laws and Colorado Collection Agency Requirements. Please be sure that you check the Colorado State website for the latest updates to the Colorado Collection Agency Laws.

INTEREST RATE

• Legal: 8%
• Judgment: 8% (or higher if specified in contract or note)

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 6 (signed promissory note)
• Written Contract Goods Services: 3
• Domestic Judgment
  • District Court-20 (renewable every 20)
  • County Court-6 (renewable every 6)
• Foreign Judgment: 6 in CO.

BAD CHECK LAWS (CIVIL PENALTY)
Treble Damages & Reasonable Fees

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE

• Bond: $12,000 - 20,000
• License: Yes
• Fee: Determined by collection agency board
• Exemption for out-of-state collectors: Out of state collectors are exempt if [1] collecting only by interstate means (phone, fax, mail); [2] have no Colorado client; and [3] are regulated and licensed in the state in which they reside.

Recommended Colorado Collection Agency Listings:

ColoradoCollection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state.

Please note this website site not intended to give legal advice and may not be complete or up to date with the most current Colorado collection laws changes.

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