North Carolina Collection Agency Laws

North Carolina Collection Agency Laws that regulate debt collection.

The Creditors Guide To North Carolina Collection Laws

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

INTEREST RATE

• Legal: 8%
• Judgment: 8%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Sale of Goods: 4
• Written Contract: 3
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
30 day written demand lesser of $500 or 3x check amount, but not less than $100.

GENERAL GARNISHMENT EXEMPTIONS
100% of last 60 days' earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc.

COLLECTION AGENCY BOND & LICENSE

• Bond: $5,000 to $50,000
• License: Yes
• Fee: $500
• Exemption for out-of-state collectors: Contact state authorities. Unofficially, licensing authorities may allow out-of-state agencies to bypass requirements if they do not solicit in state and/or work for instate clients.

Recommended North Carolina Collection Agency Listings:

North CarolinaCollection 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 North Carolina collection laws changes.

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