Texas Collection Agency Laws

Texas Collection Agency Laws that regulate debt collection.

The Creditors Guide To Texas Collection Laws

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

INTEREST RATE

• Legal: 6% with agreement can charge up to 18%. w/o agreement - statutory interest of 6% begins to run 30th day after becoming due
• Judgment: 10%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 4
• Written Contract: 4
• Domestic Judgment: 10 (Renewable)
• Foreign Judgment: 10 (Renewable)

BAD CHECK LAWS (CIVIL PENALTY)
N/A

GENERAL GARNISHMENT EXEMPTIONS
100% of Wages

COLLECTION AGENCY BOND & LICENSE

• Bond: Yes
• License: No
• Fee: No

Always consult counsel to charge interest - Texas has very onerous usury laws& penalties.

Recommended Texas Collection Agency Listings:

TexasCollection 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 Texas collection laws changes.

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