Florida Collection Agency Laws

Florida Collection Agency Laws that regulate debt collection.

The Creditors Guide To Florida Collection Laws

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

INTEREST RATE

• Legal: 10%
• Judgment: 10% or up to 18% if contractual

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 4
• Written Contract: 5
• Domestic Judgment: 7 Renewable
• Foreign Judgment: 5 if not recorded instate

BAD CHECK LAWS (CIVIL PENALTY)
After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees.

GENERAL GARNISHMENT EXEMPTIONS

• See federal law except 100% head of household.
• Liberal Homestead Exemption - 1st $1,000 of automobile

COLLECTION AGENCY BOND & LICENSE

• Bond: Yes - $50,000 (Commercial)
• License: Yes
• Fee: Yes
  • $200 - Registration
  • $50 - Investigation
  • $200 - Renewal
• Exemption for out-of-state collectors: Registration is required for out-of-state collectors if [1] soliciting accounts; [2] if client (creditor, its affiliate or subsidiary) has an office in Florida.

Recommended Florida Collection Agency Listings:

FloridaCollection 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 Florida collection laws changes.

Find A Collection Agency

Federal Collection Laws

State Collection Laws

Collection Law Resources

Collection Laws Blog

Collection Laws Articles

Legal Dictionary

Collection Laws Home