Washington Collection Agency Laws

Washington Collection Agency Laws that regulate debt collection.

The Creditors Guide To Washington Collection Laws

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

INTEREST RATE

• Legal: 12%
• Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 6
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Lesser of check amount or 12% interest, collection costs up to $40. If taken tocourt, reasonable attorney's fees, 3 x value, or up to $300. Now have 6 years toenforce a bad check.

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or $64 wk. (40 x state min. hourly wage).

COLLECTION AGENCY BOND & LICENSE

• Bond: $6000 general, $4000 specialty
• License: Yes
• Fee:
  • $100 - Investigation
  • $100 - Original
  • $100 - Renewable
  • $50 - Branch Office
• Exemption for out-of-state collectors: Contact state authorities. Out-of-state agencies may qualify for lesser licensing fees. Out-of-state collectors are no longer required to have resident office and instate trust accounts if they don't have instate client. Bond is not required if held in home state.

Recommended Washington Collection Agency Listings:

WashingtonCollection 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 Washington collection laws changes.

Find A Collection Agency

Federal Collection Laws

State Collection Laws

Collection Law Resources

Collection Laws Blog

Collection Laws Articles

Legal Dictionary

Collection Laws Home