North Dakota Collection Laws, North Dakota Collection Agency Laws

North Dakota Collection Agency Laws


North Dakota Collection Agency Laws that regulate debt collection.

The Creditors Guide To North Dakota Collection Laws

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

INTEREST RATE

  • Legal: 6%
  • Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Acct. for services: 6
  • Sale of Goods: 4
  • Written Contract: 6
  • Domestic Judgment: 10 renewable
  • Foreign Judgment: 10 renewable

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, collection fees of $20, and $100 or 3x check whichever is less.

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount each wk. = to 40 x fed. min. hourly wage. Plus $20.00 each household dependent.

COLLECTION AGENCY BOND & LICENSE

  • Bond: $20,000
  • License: Yes
  • Fee: $200
  • Exemption for out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has "enacted similar legislation."

Recommended North Dakota Collection Agency Listings:

North DakotaCollection 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 Dakota collection laws changes.



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