West Virginia Collection Agency Laws

West Virginia Collection Agency Laws that regulate debt collection.

The Creditors Guide To West Virginia Collection Laws

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

INTEREST RATE

• Legal: 6%
• Judgment: 10%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 5
• Written Contract: 10
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, service charge up to $10. If check is under $500.00 = misdemeanor.Over $500.00 = felony.

GENERAL GARNISHMENT EXEMPTIONS
See West VA code 38-5A-3-Employees withhold 20% of disposable income or 30x theminimum hourly rate, whichever is less. Other exemptions apply.

COLLECTION AGENCY BOND & LICENSE

• Bond: $5,000
• License: Yes - Franchise Reg. Cert.
• Fee: $15 Annual
• Exemption for out-of-state collectors: Contact state authorities. Some out-of-state agencies may be exempt if they are only collecting for out-of-state clients.

Recommended West Virginia Collection Agency Listings:

West VirginiaCollection 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 West Virginia collection laws changes.

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