New York Collection Agency Laws

New York Collection Agency Laws that regulate debt collection.

The Creditors Guide To New York Collection Laws

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

INTEREST RATE

• Legal: 16%
• Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 6
• Written Contract: 6
• Domestic Judgment: 20 (1 0 yr. renewable lien)
• Foreign Judgment: 20 (1 0 yr. renewable lien)

BAD CHECK LAWS (CIVIL PENALTY)
Face value of check plus two times check amount up to a maximum of $400 on NSF or $750 on "no account" (Demand prescribed by law). GEN.OB.1.1-104

GENERAL GARNISHMENT EXEMPTIONS
90% of earnings, except 1st $127.50 wk. wholly exempt.

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: No
• Fee: No
• Buffalo: $5,000 Bond - $50 fee
• NYC: License - $150 - 2 yr. fee

Recommended New York Collection Agency Listings:

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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 New York collection laws changes.

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