Montana Collection Agency Laws

Montana Collection Agency Laws that regulate debt collection.

The Creditors Guide To Montana Collection Laws

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

INTEREST RATE

• Legal: 10%
• Judgment: 10%
• A binding written agreement may provide for interest of 15% or 6% above prime

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 5
• Written Contract: 8
• Domestic Judgment: 6 (over $5000) Renewable
• Foreign Judgment: 6 Renewable

BAD CHECK LAWS (CIVIL PENALTY)
$100 minimum or 3 times face value up to $500

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: No
• Fee: No

Caveats:
Foreign corporations should register with MT Sec. of State prior to any suit in MT Courts or risk dismissal. Attorney fees only if provided by a signed writtenagreement.

Recommended Montana Collection Agency Listings:

MontanaCollection 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 Montana collection laws changes.

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