Mississippi Collection Agency Laws

Mississippi Collection Agency Laws that regulate debt collection.

The Creditors Guide To Mississippi Collection Laws

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

INTEREST RATE

• Legal: 8%
• Judgment: amount in contract if no contract amount court decides

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 3
• UCC: 6
• Domestic Judgment: 7
• Foreign Judgment: 7 (3 if resident)

BAD CHECK LAWS (CIVIL PENALTY)
On checks up to and including $25.00, additional damages would be 100% of check amount. On checks from $25.01 to $200.00, additional damages would be 50% of check amount but not less than $25.00. On checks over $200.00 additional damages would be 25% of check amount.

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: City-Business
• Fee: $15-$50

Recommended Mississippi Collection Agency Listings:

MississippiCollection 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 Mississippi collection laws changes.

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