Connecticut Commercial Credit & Collection Information
INTEREST RATE
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 6
- Written Contract: 6
- Oral Contract: 3
- Domestic Judgment:
20/25
- Small Claims
Judgment: 10/15
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL
PENALTY)
$400 or face of check, whichever less, $750, or face if drawn on
nonexistent account
GENERAL GARNISHMENT
EXEMPTIONS
25% you may garnish disposable earnings each week, or 40 x fed. min.
hourly wage, which ever is less.
COLLECTION AGENCY BOND
& LICENSE
-
Bond:$5000
- License: Yes
-
Fee:
- $400 Yearly
- $100 Investigation
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