Louisiana Collection Agency Laws

Louisiana Collection Agency Laws that regulate debt collection.

The Creditors Guide To Louisiana Collection Laws

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

INTEREST RATE

• Legal: 9.75%
• Judgment: 9.75%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 10
• Promissory Notes: 5
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs

GENERAL GARNISHMENT EXEMPTIONS
75% disposable earnings per work week, but not less than 30 x fed. min. hourly wage.

COLLECTION AGENCY BOND & LICENSE

• Bond: Yes - $10,000
• License: Yes
• Fee:
  • $200 Initial
  • $200 Investigation
  • $200 Renewal
  • $100 Branch
  • $100 Branch Renewal

Recommended Louisiana Collection Agency Listings:

LouisianaCollection 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 Louisiana collection laws changes.

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