Nebraska Collection Agency Laws

Nebraska Collection Agency Laws that regulate debt collection.

The Creditors Guide To Nebraska Collection Laws

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

INTEREST RATE

• Legal: 12% per written instrument or contract rate
• Judgment: 1% above bond equivalent yield as published by U.S. Treasury

STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 4 Written Contract: 5 DomesticJudgment: 5 renewable every 5 Foreign Judgment: 5 nonrenewable

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, costs, protest fees

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% disposable earnings (85% if head of household), or 30 x fed.minimum hourly wage.

COLLECTION AGENCY BOND & LICENSE

• Bond: Based on Lic. Solic. Less Than 5 = 5,000, 5-15=$10,000, 16-Up=$15,000
• License: Yes
• Fee: (not to exceed)
  • $250 - Investigation
  • $200 - Original
  • $100 - Renewal
  • $50 - Investigation Branch Office
  • $35 - Original Branch Office
• Exemption for out-of-state collectors: Out-of-state collectors are exempt if [1] communicating by interstate means (phone, fax, mail); and [2] are "regulated" by the laws of another state.

Recommended Nebraska Collection Agency Listings:

NebraskaCollection 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 Nebraska collection laws changes.

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