Massachuetts Collection Agency Laws

Massachuetts Collection Agency Laws that regulate debt collection.

The Creditors Guide To Massachusetts Collection Laws

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

INTEREST RATE

• Legal: 6%
• Judgment: 12%
• Contract: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct. on Contract: 6
• Contract: 6
• Sales (UCC) Contract: 4
• Domestic Judgment: 20 (presumed satisfied after 20 years)
• Foreign Judgment: 20
• Contracts Under Seal: 20

BAD CHECK LAWS (CIVIL PENALTY)

• Amount due, costs of suit, protest fees
• Additional damages $100 - $500 can be assessed.

GENERAL GARNISHMENT EXEMPTIONS $125 week

COLLECTION AGENCY BOND & LICENSE

• Bond: $10,000 - $25,000
• License: Yes
• Fee: Determined by commissioner

Recommended Massachusetts Collection Agency Listings:

MassachusettsCollection 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 Massachuetts collection laws changes.

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