The Creditors Guide To Indiana Collection LawsFollowing is a some important information on IndianaCollection Laws including: Indiana Statutes, Indiana Judgments, Indiana Garnishments, Indiana Interest Rates, Indiana Bad Check Laws and Indiana Collection Agency Requirements. Please be sure that you check the Indiana State website for the latest updates to the Indiana Collection Agency Laws.
INTEREST RATE STATUTE OF LIMITATIONS (IN YEARS) - Open Acct.: 6
- Written Contract for payment of money
- (executed before 9/l/82): 10
- (executed after 8/31/82): 6
- Written Contract (other than payment of money): 10
- Written Contract for sale of goods: 4
- Domestic Judgment:
- 10 on real estate
- 20 against the person
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Triple check amount up to $500 over check amount, + attorney fees & interestup to 18% per annum or triple check amount + attorney fees and interest at 8%per annum. GENERAL WAGE GARNISHMENT EXEMPTIONS
75% of disposable earnings for work week or the amount of 30 x fed. min. hourlywage, whichever is greater. COLLECTION AGENCY BOND & LICENSE - Bond: $5000 each office
- License: Yes
- Fee:
- $100 plus $5 per annum, each unlicensed employee
- $30 branch office
- $80 - Renewal
- Exemption for out-of-state collectors: Out-of-state collectors are exempt from licensing if [1] collecting for a nonresident creditor; and [2] collection activities limited to interstate communications (phone, fax, mail).
Recommended Indiana Collection Agency Listings:
IndianaCollection 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 Indiana collection laws changes. | 
