Idaho Collection Agency Laws

Idaho Collection Agency Laws that regulate debt collection.

The Creditors Guide To Idaho Collection Laws

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

INTEREST RATE

• Legal: 12%
• Judgment: 10.875% plus the base rate

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 4
• Oral Contract: 4
• Written Contract: 5
• Domestic Judgment: 5 renewable
• Foreign Judgment: 6 renewable

BAD CHECK LAWS (CIVIL PENALTY)
Triple amount of check up to $500 over the check amount

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE

• Bond: $5,000 initial
• License: Yes
• Fee: $100 -permit fee $50 - renewal
• Exemption for out-of-state collectors: Out-of-state collectors may qualify for a special license if [1] only collecting for client; and [2] are licensed and bonded by any state.

Recommended Idaho Collection Agency Listings:

IdahoCollection 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 Idaho collection laws changes.

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