Mississippi Commercial Credit & Collection Information
INTEREST RATE
-
Legal: 8%
-
Judgment: amount in
contract if no contract amount court decides
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 3
- Written Contract: 3
- UCC: 6
- Domestic Judgment: 7
- Foreign Judgment: 7
(3 if resident)
BAD CHECK LAWS (CIVIL
PENALTY)
Amt. due plus charges. Charges no less than $30 up to 25% of check if
check over $200
GENERAL GARNISHMENT
EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND
& LICENSE
- Bond: No
- License:
City-Business
- Fee: $15-$50
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